UK mall owner Intu Properties’ losses almost doubled to £2bn (R53.8bn) in 2019, as it struggled to collect rent from tenants whose customers have been taken away by online retailers. The Brexit uncertainty has also led to hefty writedowns of its assets.

The company, which released financial results for the year to December on Thursday, is on the brink of collapse, having failed in 2020 to raise emergency funds for its day-to-day operations...

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