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2018-11-01

BBC: "More than 200 UK shopping centres 'in crisis'"


Link to web site

"More than 200 UK shopping centres are in danger of falling into administration, experts are warning.

The demise of 'major anchor stores' like BHS and Toys R Us and the rise of online shopping has caused a 'downward spiral', analyst Nelson Blackley said.

"Many of the at-risk centres are owned by US private equity firms under deals that will need refinancing.

"... Mr Mead, head of shopping centre asset management at APAM, said:
"The problem is, these centres are run by investors who have a short-term approach and haven't the skill-sets or investments to embrace the kind of changes required. There needs to be a joint venture created with local communities to fix the problem."

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