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New Restructuring Plan Is One To Watch For Retail Landlords

Partner Ben Klinger and Solicitor Mark Allan appear in Property Week discussing CVAs and their potential impacts on retail landlords.

“CVAs can have a profound impact on landlords through the reduction of future rent and other contingent liabilities under a lease. This is typical of underperforming stores, with performing stores subject to minor reductions and underperforming stores facing considerable rent reductions. Retailers often use CVAs to close poor-performing stores.

Many landlords say retailers’ use of CVAs to increase profits by reducing rents and closing stores is unfairly prejudicial, with landlords’ finances hit heavily.”

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