With Arcadia Group becoming the latest high street retailer to pursue a CVA to close stores and slash rents, retail landlords are increasingly reaching the end of their tether. British Property Federation boss Melanie Leech outlines how the gulf between retailers and landlords can be closed
Arcadia has unveiled plans to shut 23 stores as part of a CVA arrangement, becoming the latest in a string of high-profile retailers to make such a proposal. When taken in context with similar proposals from Debenhams, Cotswold Outdoor and Paperchase, the relationship between landlords and retailers is as strained as it has ever been.
BPF boss Melanie Leech suggests ways that CVA proposals can be made more fair and equitable for retailers and landlords, and help repair their fractured relationship in the process.
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