CCRGF News and Press, Intu Properties Plc

The move to online retail has clearly caused damage to the one side of British commercial property, retail. This has devastated the specialists like Intu Properties. Those working across both markets have engineered a shift over to office space. But this market is now also coming unde...

In June this year, a company called intu (CCRGF) (no capitalisation) collapsed. Most people had never heard of it. But they knew what it did. It was the owner of many of the UK's biggest shopping centres. Lakeside in Thurrock, Metro Centre in Newcastle, and the Trafford Centre in Manchester - ...

The commercial property market 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 stru...

Intu Properties ( CCRGF ), owner of the Trafford Centre and 16 other large scale retail shopping centres in the UK, announced on Friday, 27th June, that they had appointed administrators as the company's drawn out negotiations with creditors targeting a standstill agreement have failed. The re...

Retail property The U.K. - at least - retail property market has taken a harsh hammering from the internet. Some 20% and rising of retail sales now take place online. That does rather mean that we're oversupplied by - ooh, say - about 20% in retail property of the bricks and mortar kind. And...

The basic retail property problem As I've pointed out before now the essential retail property problem in the UK is the internet. The UK has one of the world's highest penetrations of online sales ( some 20% ) and this means that the past built estate of retail properties is somewhat surplus...

Intu Properties ( OTCPK:CCRGF ) As I've been pointing out these past few months Intu has significant problems. British retail property is falling in value given the irruption of the internet into retail spending. Intu has a substantial debt burden, the value of which is not, of course, f...

British retail property I've been saying for some time now that British retail property is not a sector that we want to be investing in. That irruption of the internet into the retail experience simply means that the UK is overbuilt with retail property. The price of such is therefore going ...

The British retail property market I've been saying for some time now that there's a fundamental problem in the British retail property market. It's the internet, of course it is. Online now takes some 20% of retail sales, and there's some 20% of retail property empty except for charity shop...

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