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.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now