High Street landlords today faced heavy losses as Mothercare prepared to shut its remaining UK stores just months after a painful restructuring.
Landlords to collapsed retailers Toys R Us and Maplin could be left with empty stores totalling more than two Shard skyscrapers and lose tens of millions of pounds in rent, property experts predicted on Thursday.
The developer of the 252-student apartment block The Quadrant in Liverpool has gone into administration.
A group of students in Bristol has won a court case after a lettings agency acting for a landlord deducted money from their rental deposit.
The Independent reports that six student flatmates received a letter from Digs letting agency informing them a total of £756 would be deducted from the deposit, including £200 for redecoration and over £500 for cleaning costs.
Landlords of failed BHS face a bill for at least £4 million after the beleaguered retailer fell into administration, property experts have warned.
The 164-store chain’s collapse puts 11,000 jobs at risk with administrator Duff & Phelps taking over its running.
One property agent forecast landlords could collectively be more than £4 million out of pocket due to unpaid rents and empty shops.
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