Protecting retailers occupancy interests through effective co-ordination.

Presidency Handover

After 3 years as President of the PMA Joe Simons is to handover to James Hamilton at the PMA Conference in May.

I have had a very enjoyable time over the last 3 years and feel proud of the achievements that the Executive and I have made. We have further cemented our position as a key partner in landlord and tenant dialogue in particular through the work we have done with British Property Federation and British Council of Shopping Centres. Continued pressure on costs, flexibility in leasing structures and future development pipeline remain key areas for the PMA to focus on in the future. Our profile will continue to be well looked after by your President ably supported by the Executive. I will continue to serve on the Executive. I thank all, both within the PMA and more widely for the support and encouragement over the last 3 yrs.

Credit Crunch & Leases

The implications of the credit crunch are still not fully apparent. Nor is the extent of the action needed to deal with it. What can the property industry do to ease the problems? What can we do at least to lessen the problems which undoubtedly exist?

These problems do not just extend to small retailers on the high street. The larger retailers are not immune. Indeed they arguably have the potential for even greater difficulties, like an oil tanker, being unable to change course or stop quickly. It is the sheer speed of the recession which has caused some of these issues. Retailers themselves as a group are also not the only ones.

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QA Mark Audit Programme

The PMA have developed an Audit tool, to be utilised by consultants on our behalf, to Police the adherence by Landlords and Managing Agents to the principles of the RICS Code of Practice for Service Charges in Commercial Properties.

This will be formally launched in the near future.

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