Listed propcos take £2.7bn hit as CVAs bite

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The UK’s biggest listed property companies have taken a hit of £2.7bn in the past year as the number of high street chains seeking company voluntary arrangements (CVAs) or falling into administration increased, new figures have shown.

Listed propcos made the £2.7bn in write-downs on the value of their properties, compared with just £232m the year before, according to Growthdeck Property’s investment arm.

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