Page 29 - Yearbook 2020
P. 29
FOR RETAIL & LEISURE OCCUPIERS
In 2020, DJB worked very closely with property teams at our retail and leisure clients with one goal in mind: to nd solutions that will keep them a oat.
Forced closures for nearly half of the year, decreased footfall in town centres and social distancing enforcements as a result of the COVID-19 pandemic hit retail and leisure occupiers hard. Many cherished UK brands have had to negotiate company voluntary arrangement’s with their survival on the line.
One example of DJB’s rst-hand experience with this is our work with a national restaurant group client. This client, who has restaurants in key tourist hotspots, faced immense challenges exacerbated by the limitations to tourism in the key summer season. We negotiated leases that lowered the rents for three quarters and a lease surrender to reduce this strain.
