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Target of takeovers Intu saw the value of its shopping centers fall as a result of difficult sales conditions.
The group, which is being solicited by a consortium led by John Whittaker's Peel Group, said its net badet value fell 3% in the third quarter.
This, according to Intu, "reflects the current negative sentiment of investors with regard to UK commercial real estate".
The revaluation adds to a 5.6% drop in the value of its properties during the first half of the year and comes in the middle of a bloodbath in the street.
Groups like Toys R Us, Maplin and House of Fraser have collapsed this year. Several other retailers have announced store closure programs.
Intu is behind 18 shopping centers across the UK, including the Trafford and Arndale centers in Manchester, Lakeside in Esbad and Metrocentre in Gateshead.
Intu's portfolio was valued at £ 9.58 billion as at 30 September.
Last week, Whittaker's Peel Group, Olayan and Brookfield Property presented a bid of £ 2.8 billion for Intu.
The Consortium has obtained access to the Company's records for due diligence when considering the possibility of making a firm offer.
Bidders must decide before November 1st.
Between them, the Peel group and the Olayan group already hold 29.9% if Intu.
Intu added that it hoped to receive 1.5% of rental revenues from failures in the streets that marked the year.
In 2018, Intu expects net rental income growth of up to 1% in 2018, while the target is 2% to 3% of growth per year over the three years. to next five years, although in 2019, Intu only anticipates 1% growth.
The occupancy has improved, he said, rising from 96.6% in June to 97% in September, while tenant demand has been maintained with 84 new construction contracts. rentals signed in the third quarter, compared with 73 at the same period of the previous year.
Press Association
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