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"... Mike Prew, an analyst at investment bank Jefferies, who has long been pessimistic about the prospects for shopping centre landlords, says investors simply did not believe in the property values that were being reported:
"You have forward-looking equity capital not believing backward-looking valuations. I think we're about to go through a major correction in the UK retail market.""... Set starkly against the fortunes of Hammerson and Intu is Segro, which owns the warehouses retailers use to store and deliver goods ordered online. Segro has ridden the online shopping boom to deliver record profits."
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