Retailers are increasingly seeking rent reductions on shops up for lease renewal as rivals cut rents using CVAs. Does this mean retailers struggle in paying a fair rent in relation to their rivals? Will the retail industry find itself losing out as property investment declines in the long term?
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Construction is to start in September on a new 500,000 sq ft distribution and manufacturing park in Bicester.
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Plans for a new 165,000 sq ft development at The Oxford Science Park have been submitted to the city council.
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Office rents in Oxford have reached £40 per sq ft and are predicted to reach £48.50 in five years.
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A major £60m plan to turn Oxford’s first power station into a massive education centre is likely to get the go-ahead tonight.
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A new forward-thinking High Streets Task Force supporting local leaders to revitalise high streets and town centres has been launched.
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