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News » UK
   
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Retail crunch makes its way to property market

The abandoned GBP3.4 billion (c. €3.9 billion) buyout of Intu by Hammerson plc highlights concerns about weaker consumer confidence and heightened retail industry risks in the UK spreading into the retail property market, Fitch Ratings says. However, we believe the defensive nature of large mall ownership, relying on prudent portfolio…

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