News

Government announces new register for retail landlords

Government announces new register for retail landlords
Business
The government says it will make it easier to find out who owns empty buildings on the High Street in a bid to revitalise the UK s retail sector.

It said a new register would allow prospective tenants to quickly check ownership and speed up the letting process.

It follows research for that found a confusing patchwork of ownership on High Streets.

Experts say this is putting retailers off investing in town centres.

The research by Estates Gazette (EG), a news and data portal, spanned 22 main shopping streets in 11 UK Cities.

It found nine different categories of ownership, ranging from small private companies to corporate giants, based in the UK and overseas.

Such fragmented ownership can make it difficult for prospective tenants to find out who landlords are, experts warn.

It can also be hard to get landlords to work together on a long-term regeneration strategy for a town centre, which in turn may deter retailers from opening new shops.
Read more on bbc.com
News Topics :
RELATED STORIES :
Business
According to the Local Data Company, some shops could be taken over by other retailers or converted into housing, but many more could lie vacant for some time. In total,...
Business
While the troubles facing well known retail names on the UK s High Streets have been much publicised, the plight of landlords has received less attention. However, two of the UK...
Business
The government has introduced new measures to prevent landlords from using aggressive methods to collect rent from High Street shops during the coronavirus lockdown. The laws ban landlords from using...
Business
Cream teas, quaint streets and stylish shops have made Harrogate one of the most successful and popular shopping destinations in the north of England. But there are now gaps on...
Business
Thousands of online property adverts in England are discriminating against tenants who are in receipt of housing benefit, a study says. The National Housing Federation and charity Shelter examined 86, 000...