Landlords are braced for a double whammy from high street giants Arcadia and Debenhams, as the struggling retailers race to finalise waves of store closures before a deadline at the end of the month.
Both aim to agree restructuring plans in time to avoid business rates bills on unwanted shops, property sources said.
The deadline is looming as the authority that oversees business rate bills will base its calculations in two years’ time on rent bills this April.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
