Budget will 'stimulate' investment in commercial property

Property consultants CBRE have welcomed the Government's decision not to review rent review provisions in existing business leases in today's Budget.

Budget will 'stimulate' investment in commercial property

Property consultants CBRE have welcomed the Government's decision not to review rent review provisions in existing business leases in today's Budget.

However, they said that the single most significant announcement for the property sector in today’s Budget is the announcement from Government that they will not now be proceeding with plans to retrospectively review rent review provisions in existing business leases as they had proposed in the Programme for Government.

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