Real Estate

Fashion victim: private equity investments in UK shopping centres turn sour

Firms that binged on bricks-and-mortar retail portfolios are changing their plans in response to the sector’s struggles

The Grosvenor Shopping Centre in Chester
The Grosvenor Shopping Centre in Chester Photo: Alamy

Bricks-and-mortar retail is going out of fashion, and that is a problem for private equity.

In recent years, the private equity industry has binged on portfolios of shopping malls. As the entire retail landscape shifts because of economic malaise and a shift to ecommerce, many mall owners may find they are in similar trouble to their tenants.

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