Liberty sees some tenant failures in Q1

May 2008
EG: Estates Gazette;5/10/2008, Issue 818, p54
Trade Publication
The article reports on the business failure of some shopping centre tenants of Liberty International in Great Britain. It reported that 2% of its shopping centre tenants have gone out of business so far in 2008. In its first quarter 2008 update, Liberty said its occupancy levels were at 98.5% and reported like-for-like rental growth of 1.8%. Liberty reported a fall in net asset value of 6.5% in the first three months of 2008. The value of the group's regional shopping centre portfolio fell 4.5% over the quarter and was now worth £6 billion.


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