We anticipate that rental levels will remain competitive for the nightclub sector with limited opportunity for growth other than those that may operate in prime locations.
A major programme of residential construction projects would be far more effective in moderating rental levels than any negative rent control measures, which historically depress supply and increase rents.
These finance leases, which may extend to 125 years, would be pre-agreed with the funding institution, as would the rental levels and the annual inflation uplift.
