The recent collapse of BHS cannot have come as a surprise to many – the failing retailer’s troubles over the last few years have been well documented and it was perhaps just a matter of time.
But what of the landlords who are now left with administrator occupied properties and the imminent risk of costly voids? If you are worried about tenant insolvency read our guide here: http://www.hedgeslaw.co.uk/cms/documents/Hedges_Law_Landlord_Briefing_Note_October_2014_2.pdf
and our team of commercial property dispute solicitors talk you through the various options and what you can pro-actively do now to protect yourself.
Of course, there are many other chains in a similarly tough place, which can be partly blamed on an unforgiving retail environment and deteriorating economic backdrop. However, the collapse of Austin Reed just one day after BHS went under is a stark reminder that many high street names have failed to adapt to the modern world.