UK property funds slash high street exposure during difficult 18 months

Bricks and mortar retail divestment accelerates

Mike Sheen
clock • 4 min read
UK property funds slash high street exposure during difficult 18 months

Open-ended UK property funds have been cutting their exposure to the high street over the last 18 months, as the coronavirus pandemic saw forced business closures lead to the collapse of rental income and falling asset values.

The pandemic has driven fund managers to renegotiate rents in some cases and has accelerated divestment from subsectors already facing longer-term issues. An estimated £6.4bn of rent has gone unpaid...

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