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Falling property values hit Local Shopping REIT

Any good news Local Shopping REIT (LSR) delivers on lettings and cash flows continues to be overshadowed by the impact of falling property values on its debt-heavy capital structure. The situation is now so critical that a strategic review was launched on 12 November, with a sale of the portfolio or company mooted. Chief executive Nick Gregory says the options should become clear before Christmas.

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By Stephen Wilmot,
27 November 2012

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