In a recent piece for Estates Gazette, Commercial Real Estate Partner Nick Minkoff explores the impact of business rates reforms on development.
Business rates are often treated as an occupier concern, but they can shape development decisions just as strongly. Proposed reforms could influence what gets built, particularly in mixed‑use areas.
If larger retail and leisure occupiers come under increased business rates pressure, mixed‑use schemes may become harder to deliver and more limited in scope. This risks discouraging the vibrant, varied places the UK needs in favour of simpler schemes that are quickest to make viable.
Read the full article (subscription required).