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Owner of Four Intu UK Malls Fails to Make Interest Payment at Final Deadline as Spanish Mall Sale Tipped

Intu Debenture Stockholders Told 14-Day Grace Period Agreed by Recent Extraordinary Resolution Has Passed; Sales Process Now Expected to Begin
CoStar News
September 3, 2020 | 11:02 AM

intu debenture, the vehicle which owns and finances in-administration mall group intu's shopping centres at the Potteries in Stoke and Eldon Square in Newcastle as well as intu Soar at Braehead, and 48-58 Bridlesmith Nottingham, has not met the final deadline for its interest payments recently agreed via a critical Extraordinary Resolution aimed at securing an emergency funding payment to enable the complexes to continue operating.

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