Tenants have the upper hand in some shopping centres, but in most cases, particularly in successful retail schemes, they are in the weaker position when in conflict with their landlord. A retailer operating stores in several shopping centres recently asked us for advice as he sensed that there was some trouble ahead. He said that his shopping centre manager was keeping a close eye on everything he was doing as if looking for a reason to penalise him. The manager complained that the store had once opened a few minutes late or closed too early, that the staff took cigarette breaks or that there were fewer products on the shelves than in neighbouring boutiques. Despite making timely payments, the tenant had the feeling that the landlord wanted to get rid of him, either by not renewing the lease or by leasing his space to someone else. The best that a tenant can do is to do his/her best not to give the landlord any reason to exercise his rights as laid out in the lease agreement, including
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young