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The modern British Commercial Property Lease was created in the post-war economic boom of the 50’s by the Church of England. It included an upwardly only rent review clause, which at the time was not a big issue, as leases and reviews were written for terms of 50 plus years.
Data centre demand in the UK was already planning for the future as Brexit uncertainty created worries about the demand for data transfer from the EU to the UK. But over the past 4 months, whilst the country has been in lockdown, internet usage has also shot through the roof.
In the biggest shake up in planning rules the government will make it easier for commercial property owners to repurpose existing buildings without the requirement for full planning permission and residential property owners add up to two storeys to their homes via a fast track system. These are expected to