×
74
Fashion Jobs
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
I.T.
Business Analyst - Warehouse (Sap - Wms)
Permanent · Hong Kong
PUMA
Business Analyst (Digitalization Project)
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Finance / Accounting Manager - Apac Tax
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
E-Commerce Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Head of Brand Management - Home Products
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Buyer - Luxury Home Furniture
Permanent · Hong Kong
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Administration Coordinator
Permanent · BIRMINGHAM
CONNECTEDGROUP LTD
Senior Manager, Facilities Management / Cres (Apac - hk Based)
Permanent · HONG KONG
EASTWOOD CONSULTANTS LIMITED
Regional Digital Marketing Manager, Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Accounting Manager - Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Administration Manager, Retail
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Assistant HR Manager, c&b
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant / Marketing Manager - Mnc
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Planner - Global Mnc Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Buying Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Finance Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Marketing Manager - Base China
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Accounting Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Merchandising Manager - Luxury Menswear
Permanent · Hong Kong
ESTÉE LAUDER
Vice President, Marketing, Estee Lauder, Asia Pacific
Permanent · Hong Kong

UK store rents to link more closely to footfall, turnover post-pandemic

Published
May 11, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The coronavirus crisis could lead to a change in the way retail rents are calculated in the UK with a move away from the long leases and upward-only rent reviews that have been the norm until now.


The way UK store rents are calculated could change



This could mean the UK becoming more like the US, France and Italy, where shorter leases and part of the payment being linked to turnover and visitor traffic are more common.

UK shop rents have long been on an ever higher trajectory, until recent years when the combination of Brexit uncertainty and the shift online saw more and more retailers struggling to pay both high rents and high business rates.

The Times on Monday quoted Colliers International, the property consultancy, saying that over 40% of landlords are more likely to consider factors such as footfall and turnover when deciding an asking rent in future.

It added that nearly 80% of retail landlords expect the pandemic to lead to permanent changes in the way shop rents are calculated. The firm surveyed landlords that own over 120 million sq ft of retail property to reach its conclusions.

Colliers’ head of strategy, Matthew Thompson, said that at present, landlords are able to use "masses of relevant data sets" to bring more precision to pricing that will be of benefit both to property owners and their tenants.

However, this would rely on a high level of trust between landlord and tenant. This is something that has been in short supply given the large number of company voluntary arrangements that have been happening in recent years, and also the failure of many retailers to pay their rent on time in the past couple of months.

Copyright © 2020 FashionNetwork.com All rights reserved.