More rights issues ahead in the UK property sector

As companies seek to strengthen their capital position, a number of UK listed property groups have announced capital raisings over the past weeks but fears are growing in the market over shareholders' ability to support these initiatives. Liberty International, the largest shopping centre owner in the UK, announced at the end of February that it planned to raise at least £350 mln (EUR 396 mln) of additional equity and to dispose of properties in return for an extension of its loans.

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