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While some businesses have been prepared to pay their rent , others have seen this as an opportunity to restructure their liabilities
The BPF acknowledges that most of the arrears come from the sectors worst hit by lockdown : retail and hospitality . But while some businesses have been prepared to pay their rent , others have seen this as an opportunity to restructure their liabilities . Despite being able to trade through most of the lockdown period , Boots and Poundstretcher refused to pay rent on some stores and the former may now face legal action . Landlords have suffered at the hands of a number of the larger multiple retailers in particular , says Neil Chatterton , managing director of independent chartered surveyor and property consultant , Caxtons . But many landlords are concerned that if they press too hard , they will never see any of the overdue rent . “ Others are looking at or threatening landlords
PERFORMANCE OF SECTORS OVER 10YRS
IT Property UK Commercial ( 47.98 %) IA UK Direct Property ( 50.45 %)
100 % |
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80 % |
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60 % |
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40 % |
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20 % |
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0 % |
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-20 % |
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Oct10 |
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Oct19 |
Source : FE Analytics
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