By Chris Bailey of Financial Orbit | Sunday 20 January 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I do not think i have ever visited the Postings shopping centre in Kirkcaldy in Fife but the photos of it look pretty grim. Most of the tenants have moved out to a more appealing alternative local shopping sector and unsurprisingly the owner - City property hotshot Columbia Threadneedle Investments - wants to sell. Well the cost of annual upkeep is now higher than the £152k annual rental bill from the continuing tenants, a statistical combination that surely is only going to get worse.