The future of the biggest out-of-town shopping centre in the South West is under the spotlight tonight (June 26th) after one of its owners collapsed.
Intu is the UK's largest shopping centre group and along with two other firms owns South Gloucestershire's Cribbs Causeway.
[Shopping centre owner Intu collapses](http://The future of the biggest out-of-town shopping centre in the South West is under the spotlight tonight.Intu is the UK)
The shopping centre giant has collapsed after failing to reach an agreement over financial restructuring with its lenders. It has appointed administrators and suspended shares.
Intu said underlying group operating companies remain "unaffected" and all shopping centre are continuing to trade.
And the owners of the centre have also said no jobs will be lost following Intu going into administration.
I'm sure Cribbs will survive so maybe a restructuring of Intu, or maybe Intu will pass it on to something else. Those major anchor tenants like Marks and Spencers and John Lewis will be putting lots of pressure on to get Cribbs Causeway open again so hopefully it will be resolved.
The Mall is owned jointly by three companies - Intu, M&G Real Estate and JT Baylis.
M&G Real Estate said: “Cribbs Causeway and Manchester Arndale will remain open and CBRE will continue the day-to-day management of the malls."