Shopping centre fund The Mall fell by 4.6% this January

Capital & Regional, the co-investing asset manager of the fund, said the fund was now valued at £1.6bn. Units are now valued at 59p, having fallen 14.1% in a single month.

The Mall is the only fund asset -managed by C&R that is still being valued monthly. Its other two funds – X-Leisure and The Junction have now moved to quarterly valuations and will next be valued on 31 March this year.