TCS continues to reduce retail exposure to mitigate impact of CVAs

Edward Ziff

Town Centre Securities has reported a 2.6% rise in rents in a trading update ahead of its annual results in September, but warned of continued disruption in the retail sector.

The group said the rent rise was driven by lettings at Milngavie, north of Glasgow, but the rise did not match the 4.1% increase at the same point last year.

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