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Sunday, July 5, 2020
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Leading commercial property agency makes prediction, claiming that social distancing, lower footfall, bankruptcies and online competition will make lower rents inevitable as retail and leisure margins shrivel. Retail rents could reduce by up...
Rent Payment Claims: Contrary to press reports that the government was being charged rent for the use of the London Excel Exhibition Centre, the commercial landlord owners have denied this, putting out a statement over the week-end...
Rent holidays: Private equity fund Blackstone, said to be the world’s biggest private landlord, is in for some pain in Spain as the coronavirus effect falls out. Along side other private equity groups, including...
Rent Payments: This is no joke - some already struggling retailers are withholding rent payments to preserve their cash-flows during the lock-down, that’s according to a recent report by the Financial Times.
Rent Holidays: In the wake of the coronavirus British restaurants and takeaways are asking their landlords to allow them a rent holiday as they say their businesses are “on the brink”. The British Takeaway Campaign...
Breaking: Retail Rents: Network Rail has announced measures to support its retail tenants housed in Britain’s busiest and biggest railway stations, and right across its commercial estate. These businesses are a feeling a severe impact on trade...
Commercial Property: In what could be the first of several more, the Kames Property Income Fund and its feeder funds have been forced to suspend due to the current health and economic crisis. Citing “turbulent...
Commercial Property: The Coronavirus contagion technically known as COVID-19 originated in Wuhan, Hubei province, China but is now spreading at a rapid pace across the world. It is causing major disruption for businesses, tenants and landlords. Initially...
Retail Property: Intu, the giant UK retail property company, owner of the Trafford and Lakeside shopping centres, among others, has warned that it could go bust after suffering a £2bn loss last year.
Tenant & Landlord Breaks: A break clause is common in both private residential tenancy agreements and commercial leases, therefore it is highly advisable that both landlords and tenants are familiar with the nature of break clauses in their lease and...