Two-thirds of big retailers expect to face legal action from their landlords when a suspension of aggressive debt collection ends in June.
Many shops have been shut for long periods in lockdown, accruing £2.9bn in rental arrears, the British Retail Consortium said.
Read the full article on the BBC website
NAM Implications:
- No surprises here, hopefully…?
- Anyone in doubt, think zero-revenue and rent-as-usual.
- Meanwhile, government feel they have already done their bit…
- …via rental and business rate holidays.
- Watch this retail space…
