Re: Re: predictions for 2007

They would struggle if the headline zone A rates were applied but a prime zone A rate would imply a new unit or a maximum encumbrance of a period facade.

It will I am sure be successfully argued that Bewleys by virtue of the protections laid down in the development plan is not an enencumbered property. If the arbitrator were to unfairly ignore the development plan and if the tenant did not seek a juducial review then the business model would struggle if imappropriate comparisons were drawn.