Retailers and landlords’ uncertain fate: assessing future lockdown impacts

Posted On: 11th August 2020
Retailers and landlords’ uncertain fate: assessing future lockdown impacts

Retail landlords are at the frontline of the economic crisis triggered by the Covid-19 pandemic within the real estate sector. Many variables will influence how landlords, and retailers, will fare in the months and quarters ahead. First, the macro context. UK GDP fell by 19.1% in the three months to May 2020, according to the Office of National Statistics. Andrew Bailey, Governeor the Bank of England, said last week that the economy contracted between “23% and 25%” in the second quarter relative to the end of last year. While an easing in lockdown restrictions has had a positive effect on some sectors – such as the housing market, which has seen increased activity – retail, leisure and hospitality are still struggling.

Posted By: Mark Fry

Posted On: 11th August 2020

Mark is the National Head of Advisory and Restructuring, based in our London office, and has specialised in business rescue and restructuring for over 25 years. Mark has played a key role in developing the firm’s domestic and international advisory offering which is now a key part of the business. Advisory services include business reviews, debt advisory, financial and commercial due diligence (including acquisition, vendor, pre deal review and completion assistance), business valuation, Mergers and Acquisition advice, litigation support, solvent reconstructions, optimised exit planning, financial restructuring, performance improvement advice, strategic planning and implementation support.

Mark has been involved in a number of high profile cases including the successful restructure and sale of a Championship football club, appointed to the Landlord Restructuring Committee of the UK’s largest care home provider, as well as working with private equity houses on reorganisations, operational and financial restructuring, valuation and optimised exit of portfolio investments.

He has also been actively involved in property for many years, dealing with both commercial and residential developments, in the UK and abroad. He currently holds directorship’s of domestic and foreign property companies.