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Recession ‘will change the way we lease property’

April 27, 2009 on 3:17 pm | In News | No Comments

CBRE Executive Director of Retail David Kenningham believes the current economic downturn could change the way retail property is leased in the future.

Iain O’Neil, Property Week – 27 April 2007

Kenningham told PWTV: ‘I think there is an opportunity now for a landlord to take the high ground and come out with a totally new way of leasing.

‘I think our existing leasing structure, the way we value, the whole zoning method I have spoken about in the past is crazy really and if a good thing comes out of this current downturn it will be the way we assess retailer performance, the way we value, the way we lease which will give us a lot more stability going forward.’

Article – see video interview

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