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Event Details

2021 a new reckoning for the high street: the wider perspective

£30.00 + VAT
Available
All Locations
Construction & Real Estate
Apr
21
Wed
14:00
-
15:00 BST
Schedule Type Title: Weekdays
Sessions: 1
Session Hours: 1.00
Online
14:00 - 15:00 GMT
Description
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  • Description
  • Speakers
Date and time Location
21/04/2021 14:00 - 15:00 Online

Event Information

Joining Ros Rowe in this webinar are John Forbes, consultant, Mark Robinson, Chair of the High Street Task Force and Tim Rayner, Joint National Head of Retail Disputes at Irwin Mitchell. Our speakers will share their views on the wider impact of the demise of many high streets on landlords, investors and lender. Reduced economic activity has led to cashflow difficulties for individuals and businesses which will result in many tenants unable or unwilling to pay rents. The consequences for landlords, investors and lenders will be explored as follows:

  • An update on the second half on 2020 and what this has meant for rent receipts.
  • What this might mean in terms of accounting, distributions etc.
  • What would incoming investors want?
  • What actions landlords are taking when rents are not paid
  • How landlords respond to tenant with company voluntary arrangements.
  • Looking forward to the longer-term new normal and what a new high street will look like

Key benefits

• Understand what the rental deficit means for landlords, their lenders and investors.

• Hear experts from different stakeholders; the fund manager, activist and legal adviser.

• Gain insights on what a new vision for the high street could look like and what this could mean for the landlord.

Costs

RateCost
Community Member - RetailNo Charge
Community Subscriber - Retail£30.00 + VAT
Community Member - Construction & Real EstateNo Charge
Community Subscriber - Construction & Real Estate£30.00 + VAT

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Disclaimer

The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.

Rosalind Rowe BSc (Hons) FCA CTA Hon(RICS), Consultant
Ros is a subject expert for this community and a non-exec director of a housing association. Formerly a tax partner at PwC, she has advised construction companies on complex projects including regeneration (King’s Cross and London’s Docklands); PPP/PFI joint ventures for student accommodation and mixed-use developments. As an adviser to many Real Estate Investment Trusts, she worked closely with the government to increase the supply of housing for rent together with initiating a framework of tax incentives to regenerate brownfield sites.

John Forbes - John Forbes Consulting LLP
John Forbes is an independent consultant advising real estate investment managers, investors and others in the real estate industry on the structure and operation of real estate funds. Previously a Partner and Leader of the European Real Estate Industry Practice at PwC, he is now Chairman of the Independent Supervisory Board of the UBS Triton Property Fund, Independent Chair of the Urban Splash Residential Fund and a Non-executive Chairman of Ginkgo Advisor UK Limited. John is a Chartered Accountant, Chartered Tax Adviser, and Fellow of the Royal Institution of Chartered Surveyors. He is a member of many industry bodies including Vice-Chair of the UK Executive Committee of the Urban Land Institute. A regular conference speaker, he has also authored papers including “Ammonites, extinction events and the real estate fund management industry” and “Unlisted funds - lessons from the crisis”.

Tim Rayner, Head of Real Estate Disputes, Irwin Mitchell
Tim is the joint national head of Real Estate Disputes at Irwin Mitchell. Tim also co-leads the Corporate Occupier sector at the firm. Tim deals with the full spectrum of real estate-related disputes including those between landlords and tenants, as well as development or contract disputes. He has a particular specialism in dilapidations having been involved in some of the biggest reported cases of recent years. Tim has been recognised in the main legal directories since 2011. Chambers and Partners say: “Tim is very personable with very good client skills – he is also very clear-headed about what the client needs from a particular case and how to get it”. Irwin Mitchell employs over 3000 staff and has 15 offices throughout the UK. 

Mark Robinson, Chair at High Street Task Force and Property Director/Co-Founder Ellandi
Mark is an award-winning entrepreneur and investor in town centres, having co-founded the developer Ellandi in 2008. At Ellandi, Mark has helped lead its mission to create the UK’s most inclusive and sustainable communities, raising over £1.5bn pounds to invest in more than 30 communities across the UK and Northern Ireland, from Enniskillen to Folkestone. In a career over 25 years Mark has worked for both owners and occupiers of town centre properties and in 2019 was President of Revo; a leading membership body that represents the interests of owners, occupiers and local authorities in promoting thriving retail places. In June 2020 Mark appointed as the new chairman of the government’s High Street Task Force. The task force, members of which include the Royal Town Planning Institute, the BID Foundation and accountancy firm PwC, was established to direct expertise and money to various locations across the country. More recently, it has launched a specific programme of measure to help businesses during the Covid-19 crisis. 

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