British Property Federation news and archive

The British Property Federation calls for overhaul of UK insolvency rules

The British Property Federation (BPF) has written to the government urging it to overhaul UK insolvency rules. In a letter to corporate responsibility minister Lord Callanan, the group warned that the flexibility of the UK’s insolvency framework had led to an “abuse” of CVA processes which disproportionately impacted commercial landlords. A long...

BusinessFeatured

New Look CVA proposal fails to meet best practices standards, says BPF

The CVA proposal launched by New Look this week which aims to switch the majority of its store estate over to turnaround-based rent does not meet best practices standards, The British Property Federation (BPF) has warned. Under New Look’s CVA proposal, outlined on Wednesday, 402 of its stores would be switched to a turnover percentage of up to...