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.
What is retail talking about?!
It is conference season for retail once again. Revo, Completely Retail and MAPIC, amongst others, fall in quick succession across September, October and November. Each is a chance for the industry to confer, exchange ideas, reflect and, crucially, do deals – all before all focus shifts to ‘Golden Quarter’ Christmas trading.
At Revo in Liverpool I found positivity and scepticism in equal measure as retail continues in a holding pattern - waiting patiently for the economic mood music to change to something more conducive.
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