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Liberty International doubles bad debt provision

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  • Liberty International doubles bad debt provision

    The owner of eight of the UK’s top 21 shopping centres has doubled its provision for retail tenants going out of business. For the nine months to September 2008, Liberty International raised its bad debt provision from £4.5m in September 2007 to £10.2m.Over the nine-month period 78 units, reflecting 31 tenants, went into administration. However, [...]

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