Cameron Toll shopping centre – ALAMY Commercial property Investment Retail Shopping centres 

UK retail crisis leaves banks hesitant to fund shopping centres

Investment firm Franklin Templeton had to pull out of a £38m deal to buy an Edinburgh shopping centre after failing to raise bank debt, reflecting growing concern among lenders about the retail industry. Sources said Franklin Templeton had agreed to buy the Cameron Toll centre from Oaktree Capital, but three banks refused to lend. Retail insolvencies and store closures have spooked banks and sapped investor demand for properties, particularly in suburban shopping centres such as Cameron Toll, which changed hands for £84.5m in 2005. A bid for shopping centre owner…

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Gillingham High Street -- Wikipedia Editor's Choice Headlines Local Authority Planning & Design Retail 

Business leaders agree, UK high streets must change to meet social needs

The FT City Network is a forum of more than 50 financiers, business people and policymakers. This month, members were asked for their views on the collapse of Debenhams and how the crisis on the high street should be addressed. Questions posed included: What is the problem — online competition, overleveraged private equity ownership structures, or anachronistic business rates and tax rules? Should our high streets be saved and if so, how? Below is a transcript of the responses from those who contributed. Colette Bowe, BSB The story of Debenhams…

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