The consortium which planned to take over the owner of shopping centres including The Mall at Cribb's Causeway and the St David's Centre in Cardiff has decided that there are too many doubts surrounding its investment to proceed. Added to the factors of the growth in on-line shopping and the persistent UK government's curb on disposable income is the doubt over future growth in the north and north-east. Brexit must have an impact on Intu's malls in Gateshead and Newcastle, while the government's postponement of HS2's extension from Birmingham to Manchester throws doubt on the profitability of the Arndale and Trafford centres also.
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