Buyers – of shopping centres, at least – are as rare as hen’s teeth as owners sit tight and bargain-hunters scent blood in the water. Intu Properties, the company behind Lakeside shopping centre in Essex and many others, has debts of £4.5bn and is headed for a cash call. Nearly 40% of the M&G fund’s holdings are shopping centres and retail parks. Today, one in every five pounds of UK retail spending is online – double the figure for a decade ago. Facebook Twitter Pinterest The House of Fraser store at the Gracechurch Centre.

Source: The Guardian December 07, 2019 15:56 UTC