There was plenty of bad news for retail landlords this week, as confirmation of New Look’s CVA was followed today by a High Court approval of Virgin Active’s restructure. And some of the biggest retail landlords on the London stock market have seen their shares suffer in the aftermath.
With a 3.6% drop, Hammerson was one of the steepest falls in the FTSE 250, while Capital & Counties was down by 2.5% and Shaftesbury by 2%.
After a sharp fall yesterday, the FTSE 100 edged up by 0.8% to 7,004, while the FTSE 250 dropped was down slightly at 22,107.
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