Much of the attention in the recent global financial crisis has centred on real estate. As Goodhart (2010) notes, more bank lending is for property than anything else and real estate is the most common form of collateral for lending (whatever the purpose of the loan). Vickers (2011), chair of...

A significant part of bank lending in the UK is secured on commercial property and valuations play an important part in this process. They are an integral part of risk management within the banking sector. It is therefore important that valuations are independent and objective and are used...

The terms of a commercial property lease covers aspects such as rent, alterations to premises and the ability to leave; consequently they have a significant impact on cash flow and the ability of a business to develop. In contrast to the heavily-legislated residential sector, commercial landlords...

<italic>Planning policy aimed at preserving the viability of UK town centres halted the wave of out‐of‐town shopping centres -- Schiller's ‘third wave’ of decentralization. Subsequently, a number of major in‐town shopping centres were developed in the UK. The first of these was the Oracle...</italic>

During 2003 and 2004, the authors were commissioned by the UK Government to provide evidence on the operation of a voluntary code of practice agreed between landlords and tenants of commercial property in the UK and introduced in April 2002. One of the Government's objectives for the Code of...

Leases of commercial property in the UK that are for more than 5 years typically have rent review that is upward only (i.e. at review the rent will be the higher of the current rent or the open market rent). Whilst the rent review clause is freely negotiated, several tenant groups have argued...

The terms of a commercial property lease covers aspects such as rent, alterations to premises and the ability to leave; consequently they have a significant impact on cash flow and the ability of a business to develop. In contrast to the heavily-legislated residential sector, commercial landlords...

Small businesses and commercial property leasing are two important policy areas for the UK Government. Hence, it has been promoting flexibility and choice in commercial leases as part of a wider enterprise and productivity agenda, and attempting to improve the awareness of small business tenants...

Adaptability is critical to success in business. Yet, many businesses in the UK occupy premises on fixed term leases, which run for several years, a feature that has great appeal to investors. However, during this time property requirements can change. This research critically examines the three...

In the context of the financial crash and the commercial property market downturn, this paper examines the basis of valuation used in the UK commercial property lending process.  Post-crisis there is discussion of countercyclical measures including the monitoring of asset prices; however there...