20% of UK shopping centres at risk of loan default: BCSC

One in every five shopping centres in the UK is at risk of defaulting on its loans, according to new research presented by the British Council of Shopping Centres (BCSC). The Secondary Centres research establishes the magnitude of the issues facing shopping centre owners and managers - with an estimated £10.1 bn (EUR 11.6 bn) worth of centres at risk - equating to 43% of all shopping centre transactions in the past five years, BCSC said.

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