Government announces new register for retail landlords
|bbc.com 15 May 2019 at 19:07|
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.