Panic as Beales department store goes into administration

[PostBrexitInvestor]

There was more panic on the UK high street this morning with the announcement that Bournemouth-based Beales department store has gone into administration. This is yet another body blow for the UK high street even if there are hopes than a trimmed down smaller version of the company could emerge from administration. Where does this leave the UK high street?

 

[diyhelp]

What must this be doing to the asset value of (previously) huge property companies who focused on high street stores?

 

[Longterminvestor]

Property investors are stuck in a very difficult situation, they refuse rent reductions and lose tenants (like Beales) or the give in to a reduction and every other teneant asks for one and they see a reduction in their cash flow and value of assets. Rock and a hard place springs to mind.