16/11/2016 by Buildington
At One New Change 87% of the rent is due to be reviewed over the next 2 years, reports Land Securities in their latest half-yearly results.
They have already reviewed 60% maintained the office rents achieved at the very peak of the last cycle and the most recent review has increased the passing rent by 7%. The retail reviews have increased the passing rent by 25%.
Source: Land Securities: Half-yearly results for the six months ended 30 September 2016, landsecurities.com