Updated valuations of Intu's shopping centres are also due this month, which could see a breach in lending agreements, given woes in the sector. Intu Properties also owns Manchester's Trafford Centre and Essex's Lakeside in West Thurrock. Read More Related Articles Read More Related Articles A spokesperson for Intu Properties said: "Some centres have reduced rent collections as a result of Covid-19 and cash trapped under their financing arrangements which restrict their ability to pay for support, such as shopping centre staff, from other entities in the Intu group. "In the event that Intu Properties plc is unable to reach a standstill, it is likely it and certain other central entities will fall into administration." Intu hopes to agree a "standstill" agreement of up to 18 months, though the company said this is unlikely to be more than 15 months at this stage.