Commercial Property Wars

The Bottom Line

Commercial landlords and tenants are at odds over unpaid rents due to the pandemic. Many retail, hospitality and leisure businesses are suffering acutely. Most have landlords who collect rent for their premises. In turn, many landlords have to pay interest on their loans to the banks. The pandemic is upsetting that delicate financial balance. It's estimated that billions of pounds is owed to landlords in unpaid rents. Threats of legal action against tenants are hitting the headlines. Just who should take more of the financial hit - commercial landlords or their tenants?

Guests

Edward Ziff, Chair and CEO of Town Centre Securities, a property investment firm Mark Dixon, CEO of International Workplace Group, which rents, develops and sublets office space and Charlotte Heyes, director of the small pub chain, Common and Co