Topshop's flagship store on Oxford StreetImage copyrightGetty Images

Shopping centre owner Intu is planning to vote against Sir Philip Green’s revised proposals to save his Arcadia retail empire.

It is understood the owner of Lakeside shopping centre does not feel Sir Philip’s offer to seek less severe cuts in rent from landlords goes far enough.

If the proposals are not passed at a landlords’ meeting on Wednesday then Top Shop owner Arcadia could fall into administration.

Intu and Arcadia refused to comment.

The shopping centre operator, which also owns the Trafford Centre and Manchester Arndale, is Arcadia’s biggest landlord with 35 of the retailer’s outlets in its properties. Arcadia’s other brands include Burton, Miss Selfridge and Dorothy Perkins.