Levelling up the high street
Abstract
The decline in high-street retail over recent years has prompted the UK Government to introduce the Levelling Up and Regeneration Bill, which at time of writing is making its way through Parliament. It aims, among other things, to reduce the number of vacant units on high streets in England and Wales by giving local authorities the power to put vacant high-street properties into rental auctions. This paper examines the key provisions of Part 10 of the Bill, as currently drafted, and the effect it is likely to have on the market for high-street properties.
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Author's Biography
Michael Duncan is a Senior Associate in the Real Estate Disputes team at Burges Salmon LLP and a member of the Property Litigation Association. He acts for clients across all sectors on contentious and risk management issues relating to their real estate portfolios. His experience encompasses acting for commercial landlords and tenants, developers, institutional landowners and high-net-worth individuals. He regularly provides CPD training for surveyors and other property professionals.
Citation
Duncan, Michael (2023, September 1). Levelling up the high street. In the Journal of Building Survey, Appraisal & Valuation, Volume 12, Issue 2. https://doi.org/10.69554/KPMA5745.
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