The part owner of Cardiff's St David's shopping centre has raised concerns about its future.
Intu, which owns some of the biggest shopping centres in the UK, has warned that it could go bust unless it raises extra funds.
With high street retailers closing, landlords such as Intu have been left struggling to fill empty spaces.
The firm has now written down the value of its shopping centre sites by nearly £2 billion.
Just two months ago Intu approached its shareholders to ask for more funds following the downturn in the retail sector.
Intu owns 50% of the 1.4m sq ft St David's shopping centre in Cardiff with the other half owned by Land Securities.
More recently, last week the firm declared it was at risk of breaching debt covenants after being forced to abandon the fundraising attempt.
In a bid to keep going, Intu said that it would try to engage with investors or even sell more of its assets.
Some shopping centres have already been sold by the company to try and raise more money.
At the beginning of the year Intu's shares were at 34p but had dropped to around 4.7p on Wednesday after falling 17% in reaction to its results.
