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

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"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."