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Intu exposed to La Senza bust

Intu is the landlord most affected by the collapse of lingerie chain La Senza, with £2.3m pa of rent at stake.

According to an analysis of La Senza’s 55 stores by Estates Gazette, the second-most exposed landlord is Kinloss Property, which receives £1m pa income ?from the store at 484-504 Oxford Street, W1.

 Hammerson, Land Securities and Mount Eden Land are next by rental income at risk. Standard Life, Westfield, TIAA-Henderson ?Real Estate and Universities Superannuation Scheme are also in the top 10.

 La Senza and Pinkberry in the UK, which is owned by Marnixheath, fell into administration on 1 July.

Administrators at PwC are continuing to trade the business. Savills is advising.

annabel.dixon@estatesgazette.com

 

 

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