City AM reports this morning that in a report seen compiled by real estate advisor CBRE, the value of retail property in the UK tumbled by 1.9 per cent in November, the biggest slump since May 2009. Lower rents, new vacancies and profit warnings are to blame. The average value of Britain’s retail warehouse properties fell by 3 per cent, driven by the 5.3 per cent fall in capital values this year.
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