07-08-2020 10:05 via retailgazette.co.uk

Hammerson to trial new lease approach at Scottish centre

// Hammerson reveals new approach to UK leases
// It will pilot its new approach at Union Square centre in AberdeenHammerson has revealed a new approach to its leases in the UK, which will see it offer shorter contracts and scrap traditional rent review systems.
The new approach focuses on four key areas: more flexible leases; rebased rents at more affordable levels, replacing the existing rent-review system with an index and an “omnichannel top-up element”.
The property giant will t
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