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Legacy lease structures could put retailers at risk, says leading accountants Price Bailey
Summary by Cambridgeshire Chambers of Commerce
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Legacy lease structures could put retailers at risk, says leading accountants Price Bailey
The legal dispute between London’s Brent Cross shopping centre and John Lewis, could lead to increased rental fees for retailers, says leading accountancy firm Price Bailey. The case is centred around the conditions of ‘turnover rent’, where retailers pay a base rent to landlords, alongside an additional amount linked to their in-store performance. Historically, click-and-collect transactions were exempt from this calculation, but this is now be…
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