Government plans to be outlined in the Queen’s Speech that will force landlords to rent empty retail units to the highest bidder in rental auctions will work in any meaningful way, according to retail lawyers.
The Conservative government hopes the measures will reinvigorate high streets that it believes are “blighted by derelict shopfronts”. However, retail lawyers, RWK Goodman, suggest that based on what we know so far, it seems unlikely they will work, with the availability of suitable tenants and rental valuations seemingly overlooked.
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