Intu Properties is fighting for its survival as the Friday deadline for a deal with lenders looms closer.
The retail landlord has appointed KPMG to “contingency plan” for an administration and warned that many of its 17 centres would close.
Intu is seeking a standstill agreement on its debt and is in emergency talks with banks behind its £600m revolving credit facility, which include HSBC, Barclays and UBS.
