Woe for UK CMBS as 72,000 retail outlets face closure

Investors in UK CMBS are bracing themselves for a rocky 2009 as property values and rental incomes fall and many tenants face bankruptcy or administration.

  • 09 Jan 2009
Several household names including MFI, Woolworths and Zavvi went into administration at the end of last year and Marks & Spencer revealed this week that it will close 27 stores. As many as 72,000 retail outlets could close during 2009, according to credit agency Experian, putting further pressure ...

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