British commercial property
As I've been saying for some time now the British retail property market is in considerable trouble. The irruption of the internet has led to High Street shops being worth very much less than they were. Rents on the open market are falling considerably. This means that companies like Intu Properties (CCRGF) are in near terminal trouble.
The process is that the retailers occupying the properties find that they can't afford the rents. They agitate for a rent reduction, possibly go bankrupt - something that reduces rents nicely - or go through