A weaker outlook for shopping centres - Capital Economics
UK Commercial Property

A weaker outlook for shopping centres

UK Commercial Property Focus
Written by Capital Economics Economist
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The evidence suggests that the headwinds currently buffeting the retail sector are taking a larger toll on shopping centres than on other types of retail property. As a result, and in contrast to the other retail segments, shopping centre capital values have been marked down over the past year. With little relief for the retail sector on the horizon, we think that this process has further to run. We have cut our forecasts for shopping centres.