Retail

Building a new environment for city and county

Barry Sankey ponders the ambitious plans for revamping Coventry’s retail environment to make it worthy of its national standing as the country’s 10th biggest city. A number of developments are either in the pipeline or underway including the impressive Friargate scheme, the centrepiece of which will be a boulevard linking the rail station to Greyfriars Green in the city centre.

Clarity and guidance on lease guarantees

K/S Victoria Street v House of Fraser (Stores Management) Ltd and others [2011] (the ‘Victoria case’), decided in the Court of Appeal in July 2011, was heralded as the long awaited case to bring certainty to an uncertain area of landlord and tenant law. In our view, the Victoria case has achieved this by determining the validity of agreements that require an outgoing tenant’s guarantor to guarantee the performance of the incoming tenant. Perhaps of more significance, is the opinion of the Master of the Rolls on a workable alternative.

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