Retail crisis set to wipe billions off value of landlords’ portfolios

Four of Britain’s largest listed property companies could have £6 billion in total wiped off the values of their portfolios over only three years because of pressures on the retail sector, a broker has warned.

Liberum has forecast a 25 per cent decline in the retail property valuations of British Land, Hammerson, Intu and Landsec, including the 11 per cent declines already reported this year.

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