Stat of the day: £1

The rent paid by Dixons on 'a small handful' of its 121 retail properties around London. Who says a pound doesn't go far these days?

by Rebecca Burn-Callander

Landlords are so desperate to avoid paying business rates on unoccupied sites that nominal £1 rents have been agreed on hard-to-let properties across the capital.

As big retailers look to offload loss-making premises, landlords are feeling the squeeze. Rather than cough up for empty buildings, they have sacrificed the rent for the short-term in an attempt to wait out the high street drought.

Alongside Dixons, which owns the Currys and PC World chains, Card Factory has also brokered next-to-no-rent deals with its landlords.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package