Talks to try and save Braehead Shopping Centre owners Intu have collapsed, placing the centre's future under threat.
Intu announced today that it had failed to reach an agreement over current loan agreements, with it now "likely" that administrators will now be appointed.
In a statement, the retail landlord, which has a portfolio of 17 shopping centres in the UK including Braehead, said that there had been "insufficient alignment and agreement" among key stakeholders during discussions.
As a result, Intu added that "the board is therefore considering the position of Intu with a view to protecting the interests of its stakeholders.
"This is likely to involve the appointment of administrators."
Intu has until midnight this evening to reach a deal with lenders.
Earlier this week, the Insider reported that the retail landlord had asked KPMG to draw up plans to put them into administration on stand-by as it looked to secure a deal.
Back in March, Intu warned it could go bust having run up debts of nearly £5 billion - with the firm struggling to fill vacant space following the collapse and contraction of many High Street retailers.
A further announcement is expected from Intu later today.
