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March 5, 2019

Trafford Centre Refinancing Looms As Retail Swallows Hard

Shopping centre owner Intu is to raise £750M of new debt secured against the Trafford Centre as part of a refinancing package.

The Trafford Centre is the jewel in the Intu crown, and a refinancing package could almost halve the debt repayments on a commercial mortgage-backed security inherited from Peel Holdings. But will it be enough to convince the stock market that Intu has its debt issues under control?

Trafford Centre Refinancing Looms As Retail Swallows Hard

The Trafford Centre has always had something unreal about it. Designed to resemble the Vatican, filled with palm trees and camped-up with the kind of bling normally found only in the bathrooms of Russian oligarchs, it sits oddly in

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The retail revolution has only just begun... david.thame@bisnow.com
 
 
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