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Trafford Centre Britain Coronavirus pandemic reports Bill Trafford Centre Britain

What next for the Trafford Centre? New management take on shopping centre that lost £704million last year

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the Trafford Centre.In reality, the company has not owned the north's premiere shopping centre since it went into administration on 26 June.

Talks with lenders to reach an agreement on a financial restructure failed and administrators KPMG were called in.Intu had been struggling well before the coronavirus pandemic, laden with debts of around £5bn.But the national lockdown proved to be the killer blow for a company that owned 17 shopping centres in the UK at a time when retail habits are changing dramatically.When Intu went bust, it effectively handed over the keys to its shopping centres to the separate companies that own them.Today, it was confirmed the relationship has officially ended when the Trafford Centre tweeted the following.

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