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'We're in the early stages stages of a retail property crash' | ITV News
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The prospect of a disorderly Brexit is the reason being offered up for the collapse of a £2.9 billion deal for the shopping centre group Intu.
The Bank of England said on Wednesday that commercial property values could fall by as much as 48% if the UK crashes out of the EU in March.
You can understand why the consortium of Peel Group, Brookfield and the Saudi group Olayan may have been spooked.
But the news that the takeover bid was off sent Intu's share price into a tailspin, which suggests Brexit alone is not to blame.
The Bank of England said on Wednesday that commercial property values could fall by as much as 48% if the UK crashes out of the EU in March.
You can understand why the consortium of Peel Group, Brookfield and the Saudi group Olayan may have been spooked.
But the news that the takeover bid was off sent Intu's share price into a tailspin, which suggests Brexit alone is not to blame.
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