Tuesday, September 9, 2008

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Retailers campaigning to change existing lease structures with landlords risk falling foul of competition laws according to the chief executive of the UK's largest commercial property company, Land Securities.
The warning by Francis Salway, who is also president of the commercial landlords trade body the British Property Federation, comes after a group of 35 retailers including Boots, Hamleys and B-Q, led by Topshop owner Sir Philip Green, called for a meeting with a 'small representative landlord group' to discuss lease structures.
Retailers are understood to be keen to move from paying rent quarterly in advance to paying monthly to relieve pressure on cash flow.



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