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 ...
On Thursday (19.03.20) Revo held an industry call on COVID-19. This was a follow up call to the one held two weeks ago that covered business continuity and crisis management.
We are living in exceptional times and it is more important than ever to come together as a community, to work collaboratively to support staff and our customers the best we can. For Revo members, a new information hub has been formed on the website and we will continue to hold weekly calls to provide ...
Those involved with the built environment have a huge collective responsibility and opportunity to drive real change. While many in our sector are making significant strides forward and having a really positive impact with their ESG policies, there remains a lot of debate and a lack of clear direction as to what best practice looks like, particularly for those who are less well resourced, which leads to fragmented efforts.
This framework will ...
Ed Cooke, Chief Executive of retail property lobby group Revo, said yesterday’s budget initiatives “provides a much needed safety-net which will keep many retailers trading”.
“However, the Chancellor has once again neglected to support larger retailers, who are major employers are drivers of economic activity in towns and cities across the UK, particularly in those communities that lent their votes to the Conservative Party last December,” he said.
Revo has joined with other industry groups to call on the Government to honour its manifesto pledge to review and reduce business rates. Revo's CEO Ed Cooke said that the reduction of business rates “is critical to ensuring that the UK remains internationally competitive, and so our towns and cities thrive in the future.”
Download the full letter to Chancellor Rishi Sunak.
Click here to read The Financial Times article.
"The Treasury is set to announce a fresh review of business rates as part of chancellor Rishi Sunak’s first budget next month, including exploring whether to base the system on land values rather than rental values, The Times reported yesterday.
“A change in the business rates system needs to happen quickly and exploring a land value tax will just delay things further,” said Ed Cooke, chief executive of the retail property lobby group Revo."
Some thoughts from Revo in The Times ahead of next month’s Budget 2020 on business rates and infrastructure.
"Revo, which represents hundreds of retailers, high street landlords and consultants, has written to the Treasury asking it to accelerate the “fundamental” review of business rates promised at the Queen’s Speech in December."
Thanks Louisa Clarence-Smith for the story, and to you and Ashley Armstrong for ...
Although 2019 has been a tough year for retail and retail property in the UK, it's not all doom and gloom.
If you're attending MAPIC this year, be sure to check out tomorrow's session on: ‘Retail Apocalypse, or Ahead of the Game? Evolution of the UK retail environment’ which will be moderated by Revo's CEO, Edward Cooke.
This session will aim to dispell the view of a retail apocalypse and propose that retail is being reborn.
Date: Thursday 14th ...
The Developer Live: Risk & Resilience conference will bring together leading organisations including Berkeley Group, Grosvenor, PfP Capital, Scottish Canals and Leeds City Council to share insights into how they are developing in response to rising environmental risk and addressing the pressing challenge of climate change to their organisation and how these learnings can be applied to the design of our cities.
Seize this unique opportunity to hear from inspirational leaders on how you ...
Following on from research conducted by Revo in 2019, this survey represents the next stage in a programme of in-depth interviews, workshops and seminars to be conducted jointly by Lambert Smith Hampton and Revo to better understand the critical challenges facing Britain’s high streets and town centres; and what measures can be put in place to help fix some of our struggling centres.
The output will be an informative research report to be released later this year. We will ...
Landlords and other creditors are meeting today in London to vote on revised proposals to save Sir Philip Green's Arcadia retail empire.
Ed Cooke, Chief Executive of Revo, spoke to the BBC and said the vote is "clearly on a knife edge", and the outcome is by no means certain.
However, he is not convinced that Arcadia will immediately go into administration should creditors vote against the rescue plans.
Read the full article: >>BBC Business<<
PLUS: Listen ...
Revo talks joins the Wake Up to Money report.
The broadcast is an in-depth discussion on Arcadia with the key issues being broken down. Including an onsite report from Market Street Manchester discussing the competition, where Arcadia has gone wrong and lost its way from a consumer perspective, a report on the pension issue and a segment on landlords, concluding with views from Revo.
Revo, which represents all stakeholders in the £360 billion retail property sector, has warned that Government must reform business rates to reflect economic conditions and to make the UK internationally competitive, as changes effective from 1 April, take the tax above 50% of Rateable Value for the first time.
Business rates are pegged to a commercial property’s value and calculated using a multiplier which increases annually by inflation. Retailers expect to face a ...
James is a professional associate member of the RICS (MRICS), having been elected in 1991. With over 30 years’ experience predominantly in retail property (in town, out of town and shopping centres) he has provided agency, asset management and professional advice for key landlord, retailer and developer clients.
Originally at Mason Owen (1987-89), he was then the ...
Gain insightful perspectives of what it’s going to be like beyond Brexit from different experts from our community. Challenge our panel with your concerns and questions. Join the debate and face up to the future with confidence ...
Connect with over 2,500 senior decision makers from across our diverse and progressive retail property and placemaking industry. Do deals. Learn. Socialise.
We're absolutely delighted to join 14 national organisations representing retail property and placemaking across Europe and the globe and in doing so allowing for a more collaborative, strategic and mutually beneficial relationship that will advance the interests of our global community.
We're joining the following countries:
Not really sure what Revo membership gets you? We managed to get hold of Rebecca Ward at FrogBox Marketing to continue our story of Suzy our (almost) fairytale member.
What did she get up to with Revo? Have a watch below!
The GBHS Awards, which are run by the Ministry of Housing, Communities & Local Government, sponsored by Visa and backed by us, Revo and other partners, are recognising and celebrating local achievements on our high streets and supporting the communities in which we live and work.
The high street is the life and soul of communities across England, ...
The story of Suzy our (almost) fairytale member continues!
We're on a mission to expand our community and have been pushing a membership campaign over the past 7 months.
You can watch the newest video below.
It’s a place to imagine, create and build, and one that you'll be able to take an exclusive look at as Knight Dragon share their vision.
An emerging hub for London’s culture-savvy and design-conscious, in ten years' time the £8.4bn investment will be the capital's boldest cultural landscape, with 15,000 new homes, 13,000 new jobs and £500m spent on public ...
We believe we need a wider, more objective range of categories which recognises that different locations fulfil different customer needs. This will support a more accurate assessment of assets.
Our aim is, subject to feedback, to publish the new ...
However, consumer confidence remained on a downwards trajectory in June as concerns over the economy and Brexit persist.
You’ll hear from the industry’s most innovative players, who through their unique businesses and talents are embracing and transforming our dynamic retail property and placemaking community.
Be inspired. Be transfixed. Be astounded. Our conference programme is a roller-coaster of insight, interaction and enlightenment. Plus, it'll reward you with 19 hours CPD.
Over the past 6 months we've released videos, featuring some willing member volunteers, reading a story of an imaginary member called Suzy from Bushy Bratley and all the benefits she recieves.
View our most recent one here with Jaya Relwani from Ellandi!
Interested in membership? You can find out more information and join us here
Carter Jonas, the national property consultancy, and Revo, the national membership organisation for retail property and placemaking, have unveiled that local authorities have spent around £3.8bn on commercial property assets between 2013-2017.
Spelthorne Borough Council in Surrey, which contains the towns of Ashford, Shepperton, Staines and Sunbury, was the biggest local ...
The consumer environment remains challenging for retailers though, with some well-known retailers having gone into administration or securing CVAs. As the inflation outpaces real earnings growth, bearing down on personal finances, the retail market will remain difficult.
To find out more, members can view our Quarterly Retail Briefing prepared ...
Connect with over 2,500 senior decision makers from across our diverse and progressive retail property and placemaking industry. This is the largest gathering of our community in the UK – all the people and businesses that together create, deliver, operate and occupy great places for work, rest and play.
How much? Member priority tickets are just £395 until Friday 20 April! Not a Revo member? Sorry, tickets ...