Intu Properties PLC ( LON:INTU ) has appointed KPMG to contingency plan for administration in case it does not agree 'standstill' arrangements with its creditors. The troubled owner of shopping centres announced last month it was seeking relief until at least the end of 2021 from testing of its lending covenants, debt amortisation and final payments for any lending facilities coming to maturity. READ: Intu Properties predicts second half rental collections will fall sharply The firm is still discussing with stakeholders ahead of the revolving credit facility covenant waiver deadline on Friday.