| From Timesonline.co.uk: Liberty International, the UK’s biggest owner of shopping malls, may need to raise £350 million to avoid breaching its bank covenants as it is hit by retail insolvencies and declining property values. In some UK high streets, about 15 per cent of shops now stand vacant.
The owner of the Metro Centre in Gateshead and co-owner of the Earls Court exhibition centre in London, Liberty raised the possibility of a rights issue last week and added yesterday that it may need at least £350 million of equity. .... Full Article: Source
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