Fewer shopping centres changed hands in 2023 than in any year since the turn of the millennium, but a slump in values is beginning to draw back prospective buyers.
Investors spent £1bn on British shopping malls last year, data shows. That is two-thirds below the £2.7bn spent in 2022 and well shy of the record £6.5bn of deals struck in 2015, the peak of the market.
However, the second half of the year showed a 61% rise in activity, with £600m of centres changing hands.
