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“The UK retail sector has gone through a prolonged period of upheaval, which some describe as a ‘permacrisis’. Changing consumer habits, increased online shopping, and tough economic conditions are transforming the way retailers operate and connect with their customers. Our team understands retail, and in particular, the property needs and challenges faced by our clients.”Retail property lawyers
The retail landscape continues to evolve. Historically, a town centre featured a main street with prominent brands serving as focal points, alongside smaller shops. Over time, the cost of occupying High Street premises rose. Many large retailers relocated to out-of-town shopping centres, often encouraged by landlords to be anchor tenants, drawing in crowds with well-known retailers on site.
However, even that model has come under pressure from the internet and the ease with which retailers can supply customers with goods and services nationwide, overnight. We were recently instructed by a logistics company regarding the lease of a 30,000-square-foot distribution centre in Essex. The key aspect of that transaction was precisely how our client moved from its existing hub to the new centre overnight without disrupting its network.
“I have been using Caroline’s service for a number of years. She is honest, trustworthy and extremely professional. In my 20 year career in business she has become our first choice solicitor. I cannot recommend her enough. Thank you for your hard work and for supporting us in many ways.”
Massimo Nucaro, Owner, Dough Pizza
A retail revival
Despite this change, there remains a demand for town centre retailers. We see landlords, facing vacant premises and punitive rates, willing to agree flexible terms with cooperative tenants. Consequently, while the sector still faces difficulties, retail is experiencing a modest revival in some areas.
Inevitably, the sector will continue to evolve, and our retail property lawyers are well-prepared for this further diversification.
Commercial awareness
As a team, we have a reputation for our commercial awareness and knowledge of the very particular needs and requirements of our retailer clients. These typically include the imperative of opening for trade at the earliest opportunity and avoiding interruptions during peak trading periods such as the run up to Christmas.
Retail Property Lawyers: Disputes
While we are always eager to promote a sensible and proactive relationship with the other party, disputes do sometimes happen. If that occurs, we have a dedicated Property Disputes Team ready to provide prompt and pragmatic advice and action.
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