Bull and Bear reminisce about the days when 25 year leases with five yearly upward only rent reviews were first introduced.
They both think the Government’s latest plan to abolish upward only reviews has been ill-thought through and that ministers should be concentrating on much more pressing issues.
Overall they consider that this latest ‘tinkering’ will have only a marginal impact on the investment market, not least as average lease lengths are now well under 10 years.
Their concern is that the whole thing may backfire on the Government and impact those corporates who use sale and leasebacks as a fundraising option.
Either way, Bull is still convinced that 2025 will turn out well for the sector.
Have a good Sunday.