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Europe’s landlords to see rents drop as online retail thrives: AXA

Posted on 19 February 2013

European shop landlords will have to accept lower rents in coming years to help besieged retailers cope with the rise of online shopping and weak consumer spending, French insurer AXA’s property arm said on Monday.
Property owners in Spain are under most pressure, AXA Real Estate, Europe’s largest real estate fund manager, said in a report called “Retail will never be the same again”…………………………………….Full Article: Source

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