Intu is seeking up to £1bn to shore up its precarious finances.
The shopping centre giant, which owns the Trafford Centre in Manchester and Lakeside in Essex, has been hit hard by the collapse of Arcadia and Debenhams.
It is thought Intu could launch the cash call alongside its full year results at the end of next month.
The group is hobbled by a near £5bn debt pile which it is attempting to whittle down by selling properties.
Intu’s share price has crashed 80% in the past 12 months. Peel Group, which has a 27% stake in Intu, is supportive of the plan.
