But real estate experts say the main way sublandlords are competing with office space that is available directly from building owners — often within the same building — is by slashing rents.
It has also received the support of its landlords, who endured two company voluntary arrangements (CVAs) – legal agreements that enable struggling retailers to slash their rent costs.
Last month BHS's landlords agreed to slash its rent bill but extra funding is required to pay staff and continue trading in its 164 stores.
JJB has only survived a series of financial crunches thanks to the largesse of a small group of investors and its landlords, who have endured two company voluntary arrangements (CVAs) – legal agreements that enable struggling retailers to slash their rent costs.
I would slash the ridiculous rents.
They suggested he would raise rents, slash services and throw longtime tenants into the streets.
Some of that expense was cut by a variety of concessions: the creators waived their royalties, and the landlord slashed the rent.
The crisis at troubled care home provider Southern Cross has deepened after the company slashed its rent payments in an effort to keep its 750 residential homes running.
The beleaguered care homes operator is looking to slash its £248.3m rent bill and inject more cash into the business.
The full extent of the turmoil at Britain's largest care home operator was exposed last week, when the company was forced to slash the amount of rent it pays to its landlords by 30%.
