Shopping malls’ desperate decline comes to prime minister’s doorstep

Shopping malls’ desperate decline comes to prime minister’s doorstep

– Zoe Wood

Nicholsons in Theresa May’s constituency is just one of hundreds suffering from the UK’s high street malaise

With its deserted tables and recycled office furniture, the Ping Pong Parlour in Maidenhead’s struggling Nicholsons shopping centre is not fooling anyone.

The desperate attempt to fill what used to be Argos is evidence of the losing battle fought by private equity investors who have surrendered the keys after the mall’s declining fortunes left them unable to meet huge loan repayments.

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21st October 201812:18 pm