Rent prices going up in the Kennet centre. Options

[GMR]

I was talking to a manager of one of the stores in the Kennet Centre and he told me that their rent is going up forcing some companies to leave. Sky, which was sold in the main walkway, had to leave because of the rises. Others are also leaving.

Should rent prices rise in a recession, stay the same or go down? Is the Kennet Centre right to put up their rent at this moment in time?

[user23]

I was talking to a manager of one of the stores in the Kennet Centre and he told me that their rent is going up forcing some companies to leave. Sky, which was sold in the main walkway, had to leave because of the rises. Others are also leaving.

Should rent prices rise in a recession, stay the same or go down? Is the Kennet Centre right to put up their rent at this moment in time?

This doesn't seem right.

You're saying Sky can't afford the rent for a stand in the walkway but Poundland can afford a large unit?

[GMR]

This doesn't seem right.

It is as right as somebody told me.

You're saying Sky can't afford the rent for a stand in the walkway but Poundland can afford a large unit?

I am not saying, but quoting what I've been told. Nevertheless; as far as I know the Sky salesman no longer has a place in the Kennet centre.

As for Poundland; i believe Poundland is doing well and Sky wasn't selling as much as they expected. Beyond that you have to go figure!

[user23]

It is as right as somebody told me.

I am not saying, but quoting what I've been told. Nevertheless; as far as I know the Sky salesman no longer has a place in the Kennet centre.

The Sky stand has been replaced by another.

When it comes to internet forums, "as right as somebody told me" usually means it's not right at all.

[GMR]

The Sky stand has been replaced by another.

When it comes to internet forums, "as right as somebody told me" usually means it's not right at all.

That maybe the case, however, when it is a manager of a store, in the Kennet Centre, that told me; and I've know him for awhile then I take it as so. Besides; these things are easy to check.

[dannyboy]

That maybe the case, however, when it is a manager of a store, in the Kennet Centre, that told me; and I've know him for awhile then I take it as so. Besides; these things are easy to check.

It would be easier if you told us who is leaving - that way, when they do leave you'll be proved right & I'll appologise.

[GMR]

It would be easier if you told us who is leaving - that way, when they do leave you'll be proved right & I'll appologise.

I don't think that is the point; the point - as I've been told - is that companies are leaving because of rent rises, or have left. We can always see if or when somebody leaves and see what the press statement is for them leaving.

[dannyboy]

I don't think that is the point; the point - as I've been told - is that companies are leaving because of rent rises, or have left. We can always see if or when somebody leaves and see what the press statement is for them leaving.

Sorry GMR - I don't believe you had any conversation. You can't back it up.

[GMR]

Sorry GMR - I don't believe you had any conversation. You can't back it up.

You don't have to apologise.

Whether you believe me or not that is your problem. Besides; why would I want to make it up when it can be easily varified?

[dannyboy]

when it can be easily varified?

Hows that then?

[GMR]

Hows that then?

How do you think? The same way as I found out.

[Newbelly]

I have no inside knowledge whatsoever about KC, but I do know that shop unit rents are sometimes increased in poor trading times, no matter how unfair or silly that may seem.

The rent situation in respect of a commercial premises can be very different to that of a simple landlord and household tenant situation, where only 2 parties may be involved and the tax situation simple.

Again, no knowledge of GMR or his informant, but the situation does not strike me as that strange.

[dannyboy]

Again, no knowledge of GMR or his informant, but the situation does not strike me as that strange.

Nor me as it happens. Rents go up all the time.

What I do have a problem with is this idea that shops are about to close......


As usual GMR can't actually back up his statement other than to say 'find out for yourself'

[GMR]

Nor me as it happens. Rents go up all the time.

What I do have a problem with is this idea that shops are about to close......


As usual GMR can't actually back up his statement other than to say 'find out for yourself'

What sort of back up statement can I give; I was told this my a manager at the Kennet Centre. You say you don't believe me then check it out yourself. What sort of proof do you want; a written statement? When I was told that information I took it on face value; I had no reason to doubt a manager of one of the stores within the Kennet Centre. I think you are just being big headed and stupid... and probably bored. What you need to do is get yourself a life rather than haunting these forums with stupid questions.

[Andy Capp]

What sort of back up statement can I give; I was told this my a manager at the Kennet Centre. You say you don't believe me then check it out yourself. What sort of proof do you want; a written statement? When I was told that information I took it on face value; I had no reason to doubt a manager of one of the stores within the Kennet Centre. I think you are just being big headed and stupid... and probably bored. What you need to do is get yourself a life rather than haunting these forums with stupid questions.

GMR, just for clarity, did this person say his shop was closing down because of the rent increase? Or did he say he was thinking about closing because of the rent increase?