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RDI Reit weighed down by retail losses

RDI Reit weighed down by retail losses

Given RDI Reit (RDI) is battling plummeting retail valuations - which in October caused four of its shopping centres to breach their loan-to-value covenants - it is unsurprising that the landlord is prioritising shedding assets in an effort to further reduce leverage. It has sold or exchanged contracts on £121.5m-worth of property since August 2018, the largest of which was the Bahnhof Altona Center in Hamburg, as part of plans to exit its German retail portfolio.

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