Shopping centre landlord sees values fall 34%

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Shopping centre landlord New Frontier properties has seen the value of its three UK assets plummet 34% to £181m.

In its half-year results to 28 February 2019 the South African-listed company, which breached its banking covenants in December due to the fall in value of its UK shopping centre portfolio, has been hit by a number of CVAs and retailer failures.

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