By Richard Williams2018-10-18T23:00:00
Source: Alamy/ Greg Balfour Evans
Threat of administration grows among shopping centres as landlords struggle to meet loan repayments
It could be the first of many shopping centres that go under as landlords increasingly struggle to meet loan repayments against a backdrop of income erosion, falling values and failing retailers.
Private equity firms that rushed into the sector between 2011 and 2015 to buy secondary centres and leveraged the properties with 65%-plus of debt are now finding themselves in deep trouble.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.