Lakeside owner Intu collapses into administration, malls to stay open
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(Reuters) - Manchester's Trafford Centre owner Intu became the latest casualty of the coronavirus crisis on Friday as it goes into administration after failing to secure a debt repayment holiday from its creditors amid falling rents.Intu, which owns Lakeside in Essex, out-of-town Merry Hill centre and several other properties across Britain and Spain, added that all shopping centres would continue to trade. The British firm employs around 2,600 staff and has hundreds of retailers in its..