Shopping Centres

Intu slashes 46 head office roles

Intu has slashed 46 roles across its London head offices, following its collapse into administration at the end of June.

A spokesperson for the joint administrators confirmed the news, and said that a further 15 roles have also been cut at Intu Broadmarsh in Nottingham, which was the result of the property company entering compulsory liquidation on 3 July.

It comes after John Whittaker stepped down from his role as chairman of the embattled shopping centre owner.

According to Property Week, Whittaker resigned from his role as chairman and non-executive director on 26 June – the same day Intu entered administration. It also reported that Whittaker had not attended an Intu board meeting for the previous three months.

Intu officially called in administrators at the end of June, after weeks of speculation that the group was on the brink of collapse.

Shortly after this Intu appointed James Robert Tucker, Michael Robert Pink and David John Pike of KPMG as joint administrators for the group. Currently its shopping centres are continuing to trade under KPMG, with operating companies “remaining unaffected”.

Back to top button

Please disable your ad-blocker to continue

Ads are the primary way in which publishers generate the revenue needed to pay their staff. If we can't serve ads, we can't pay journalists to write the news.