Town Centre: Shopping Centre and Street Crisis

town centre: That a shopping centre could change hands for less than the cost of a short stay in its rooftop car park underlines the current high street crisis, according to The Guardian. While locals may worry about the growing number of empty stores in their town centre, the other side of the coin is the devastating impact on retail property values. The Postings mall in Kirkcaldy, in which 14 of the 21 shops currently lie empty, is being auctioned by its City pension fund owner next month, according to the auctioneer's website. When it opened in 1981 the Postings, which cost 4.25m to build, promised to be a magnet for shoppers. Facebook Twitter Pinterest Generation Game presenter Isla St Clair opened the William Low store in the Postings. Each store opening prompted local news, with 1980s TV celebrity and Generation Game presenter Isla St Clair even dropping in to cut the ribbon at the William Low store a supermarket chain bought by Tesco in 1994 when it opened. (news.financializer.com). As reported in the news.

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