BPF calls on retailers to work with landlords - ToyNews

BPF calls on retailers to work with landlords

The British Property Federation (BPF) has refuted accusations that they are pushing retailers under with rent payments.
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The federation embarked on a national media push yesterday to clarify its position on retail rent payments.

Francis Salway, the BPF’s president and chief executive of Land Securities, appeared on the BBC’s Today Programme and Radio 5 Live’s Wake Up To Money insisting that many landlords had embarked on monthly rent payment talks more than six months before the BRC joined Sir Philip Green’s campaign for all leases to be switched to monthly payments.

The BPF also assured the BBC’s lunchtime news that its members were willing to discuss monthly rents on a case-by-case basis.

It also warned the predicted 15 per cent vacancy rate of current retail premises was a worrying statistic posing as big a problem for the property industry as it did for retail.

The BPF is now pressing the point that landlords and retailers are both suffering and the key to survival for both parties will be a close working relationship seeking to drive down costs, increase efficiency and promote transparency.

Director of finance policy Peter Cosmetatos said: “We need our retail tenants just like they need their own customers. The truth is we’re all suffering and our members are making every effort they can to move forward and promote the kind of flexibility everyone wants from their business partners.” 

“The British Retail Consortium’s support over the empty rates campaign has been very welcome and this is a great example of where we can work together to ensure a better business environment for our collective memberships. Now, more than ever, we need to strengthen these relationships and do our best to speak with one united voice.”

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