CAPA showcases expertise on sustainable rents during administrations

CAPA has showcased how it can resolve tensions between commercial property landlords and tenants, and adjust rents to sustainable levels, at the Turnaround, Restructuring & Insolvency (TRI) conference.

Held as a live, interactive digital broadcast for the corporate restructuring and insolvency profession, the TRI Conference featured case studies on how distressed businesses have been saved this year.

At the event CAPA founder and director Mike Sheath explained his team’s role in aiding the business rescue process, by negotiating with landlords and tenants, and restructuring leases to ensure rents are manageable for tenants.

In a year where vast numbers of retailers – from the smallest to the largest in the UK – have found themselves struggling or unable to maintain lease payments, Mike explained how CAPA can bring landlords and tenants to the negotiating table.

In one of the two Q&As with TRI Conference chair Tony Groom, on Sustainable rents during administrations, Mike explained there are various reasons why CAPA is engaged either prior to, or after, an insolvency or restructuring process. He talked through CAPA’s role in leading a debate with landlords in instances where the insolvent company’s occupation of sites is uneconomic, during an administration.

CAPA is also often engaged by firms that acquire businesses after a successful sale and rescue. Mike explained his team’s role in adjusting rents to sustainable levels in these cases.

In another Q&A on aiding the relationships between commercial landlords and tenants during lockdowns, Mike explained CAPA’s role in aiding those debates and bridging the gaps, particularly when landlords have not been able to take action during lockdowns, in the event of non-payment of rent.

Mike talked about helping to achieve traction with dialogue, along with visibility for landlords of the tenant’s performance and circumstances.

TRI Awards The TRI Conference was held on the same day as the TRI Awards, which was also held as a digital presentation. As headline partner of the awards, CAPA presented categories and delivered a welcome speech, to once again champion best practice in the business rescue profession.