Rent breaks puts pressure on landlords

Rent breaks puts pressure on landlords

25 March 2020

Shopping centre owners and other property firms have warned ministers that they face extreme challenges without support to replace lost rental income.

 

Edward Cooke, chief executive of Revo, said talks were under way with the Government about what support can be made available to landlords, potentially in the form of loans or grants amid fears that some may not qualify for existing schemes.

 

He pointed out that many property firms counted UK pension funds among their top investors, meaning the nest eggs of retired workers could take a hit if they collapse.

 

Cooke added: 'We want these companies – which support thousands of jobs and invest billions in UK towns and cities – to survive, and most will with the right interventions.'

 

Read Revo's Letter to the Chancellor here.

Read the full article in the Daily Mail.

Read the full article in The Times.