British Property Federation
This coverage examines the British Property Federation’s role and influence on the UK retail property market, offering insights for executives, managers, and industry professionals. Reporting includes policy advocacy, research findings, regulatory developments, and initiatives impacting retail property, regeneration, and investment. The analysis helps professionals understand how the Federation shapes the retail property landscape and supports business decision-making.
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Sep- 2023 -28 SeptemberNews
Today’s news in brief-28/09/23
Rami Baitiéh will take over as Morrisons’ new CEO from November, succeeding David Potts, who has held the position for nine years. Baitiéh, previously a chief executive at Carrefour France, will work closely with Potts during the transition. Potts expresses confidence in Morrisons’ future growth, highlighting the company’s unique position…
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28 SeptemberEconomy
BPF calls for extended empty rates relief
The British Property Federation (BPF) has called on the government to extend the business rates relief for empty properties to 12 months. The Federation has also called upon the government to reintroduce a 50% rate cut for long term empty stores. As it currently stands, owners of vacant stores are…
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Oct- 2021 -26 OctoberNews
BPF calls for intervention to bring forward £8.5bn high street boost
The British Property Federation (BPF) has called for “immediate intervention” to bring forward an £8.5bn boost for UK high streets if the fundamental reform of business rates is delayed. It revealed that analysis from property advisor Avison Young shows that as a result of the next revaluation the total annual…
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Aug- 2021 -24 AugustHigh Street
BPF calls for business rates reform
The British Property Federation (BPF) has called on the government to set out a roadmap to annually revalue business rates in a bid to avoid “crippling” high streets, citing that a business rates reform is “long overdue”. It comes as the government’s Business Rates Revaluations Consultation, proposing to introduce more…
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Jun- 2021 -21 JuneHigh Street
BPF slams gov’s commercial property rent moratorium extension
The British Property Federation (BPF) has come out against the government’s latest commercial property rent moratorium extension. Last week (16 June), the UK government announced a further extension of moratoriums on commercial property owners’ rights until March 2022. Legislation is set to be introduced later this session in parliament in…
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Feb- 2021 -22 FebruaryProperty
BPF names NewRiver CEO as chair of retail board
The British Property Federation (BPF) has appointed Allan Lockhart, CEO at real estate investment trust NewRiver REIT, as chair of its new retail board. The board was created in January to ensure central and regional governments could understand the views of the retail property sector, in turn driving the agenda…
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3 FebruaryHigh Street
‘Uncontrolled conversions’ plan will ruin high street, warns BPF
The British Property Federation (BPF) has launched an appeal to combat the government’s recently proposed “uncontrolled conversions” plan, which would see high street property spaces being converted into residential ones. The government’s consultation proposing a new Permitted Development Right (PDR), which would enable more commercial, business and service premises on…
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Nov- 2020 -9 NovemberNews
Landlords hit back at Clarks CVA terms
Landlords are reportedly accusing Clarks of abusing its insolvency processes, as the retailer pushes forward with a CVA that includes turnover-based and zero rental terms. According to a report by The Sunday Times, Clarks’ proposed CVA is “likely” to detrimentally impact landlords, who account for less than 25% of creditor…
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Oct- 2020 -6 OctoberClothing & Shoes
Ann Summers moves towards CVA
Ann Summers has suggested that it is likely to launch a CVA after the lingerie retailer failed to negotiate rental terms with landlords. The company has started talks with the British Property Federation, which would likely lead to the beginning of the insolvency process. More than half of the landlords…
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Aug- 2020 -19 AugustCoronavirus
Pizza Express to close 73 sites, 1,100 jobs at risk
Pizza Express has formally launched a CVA in a bid to reduce its restaurant estate and rental cost base following the pandemic. The CVA proposal will see the permanent closure of 73 restaurants, resulting in a loss of 1,100 jobs. The casual dining chain first announced it had reached an…
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