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Part of the late billionaire Donald Gordon’s offshore property empire might not see out the year, if Intu fails — again — to get its hands on some desperately needed cash.

It’s a staggering decline for the once mighty Liberty International, which listed in 1999 as the offshore property arm of the powerful Liberty group. It was split, in 2010, into Capital & Counties (CapCo) and Capital Shopping Centres Group, which was later renamed Intu Properties...

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