Latest Legal News
Latest Legal News
Glasgow continues to shoot up the list of UK hotel hotspots
It is no secret that hotels are red-hot right now. In turbulent market conditions investors in search of a safe haven are flocking to the relatively secure, long-dated cashflows offered by certain sectors of the hospitality market - especially those assets with inflationary-linked income streams.
Glasgow is at the forefront of the trend, as highlighted by PwC’s most recent UK Hotels Forecast identifying the city as the UK’s leader for hotel room cost growth over the past 12 months.
Q: What's going down on the high street? A: Rent!
Rarely a week goes by without some news headline or article about the decline of the High Street: lower retail sales, pressure on retail and leisure operators, shop closures etc. This results in the supply of retail and leisure space on the High Street exceeding the demand for that space. Basic economic theory then applies, with the result being that the ‘price’, in this case rent, reduces until it reaches the point that supply and demand meet i.e.
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