Big Four accountancy firm KPMG is expected to garner £16 million in fees for its handling of the administration of property empire Intu the former owner of the Braehead complex near Glasgow.
Intu
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Jim Tucker, David Pike and Mike Pink from KPMG’s restructuring practice have been appointed joint administrators of retail property company Intu Properties plc, the owner of the Braehead complex near Glasgow. The retail landlord had been in financial restructuring talks with lenders all of las
Retail property company Intu, the owner of the Braehead complex near Glasgow, is bracing for administration as it appointed KPMG as a "contingency" in case funding talks fail.