An insolvency procedure that has been used this year by high street brands including New Look, Carpetright and Jamie’s Italian is in urgent need of overhaul, industry bodies have claimed.
Lobbyists for insolvency practitioners and restructuring advisers are calling for reform of company voluntary arrangements, which allow retailers to cut rents and to shut sites typically at landlords’ expense.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
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
