Lakeside owner Intu folds under debt but to keep malls open

(Reuters) - Intu Properties called in administrators on Friday after failing to secure a deal with creditors, but said all its malls, including Manchester's Trafford Centre, will remain open.KPMG said it had appointed administrators to the British firm, which was last year struggling with net debt of some 4.69 billion pounds, before the coronavirus lockdown hit rent payments, piling pressure on its finances.Jim Tucker, a KPMG partner appointed as one of three joint administrators to Intu, said..