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As I've been detailing this past 18 months the British commercial property market is going through wrenching changes. Intu, a holder of retail properties, has just gone bust. Hammerson and others are suffering considerably.
This is because of underlying structural changes, not just something as a result of the lockdown. More shopping is going online, reducing the need for retail real estate. More work is being done from home, reducing the need for office space. We're just changing the way we shop and work.