News & Views
The latest news, events and insights in the Wales property world
Covid-related business rate appeals ruled out, but new £90 million support fund announced for Wales
HM Treasury is to introduce retrospective legislation that effectively rules out business rate appeals based on material change in circumstances (MCC) due to the pandemic. It said it would provide…
Permanent solution needed for commercial rent debt mountain
As we reach another quarter day no resolution is in sight to the problem of Covid related commercial rent arrears. As anticipated, the Welsh and Westminster Governments have announced an…
VOA declines return to negotiating table on Covid business rate appeals
Since the start of the pandemic office buildings have lain largely unoccupied due to government restrictions and many office-based businesses have experienced a drop in profitability. Despite this, these businesses…
Two new business rate linked Covid grants in Wales
The Welsh Government has announced two new non domestic rate (NDR) linked grants to help businesses in non-essential retail sectors. They will operate as a top-up to the Restrictions Business…
Greggs to open first drive-thru site in Wales
Greggs is to open its first drive-thru outlet in Wales in summer 2021. Cooke & Arkwright’s Retail & Leisure agency have recently agreed terms and have exchanged contracts on a…
Redevelopment creates stand out retail asset in Barry
A roadside site on Cardiff Road in Barry has been regenerated and turned around following its acquisition by local investment developer, VCD Asset Management. The half-acre site was acquired by…