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THE HEATH REGENERATION SHOULD BE AT THE HEART OF FUTURE INDUSTRIAL STRATEGY T
he Metro Mayor of Liverpool City Region and The Mayor of Greater Manchester, Steve Rotheram and Andy Burnham visited The Heath in Runcorn to find out more about the unique regeneration model which has rejuvenated the site – turning it into one of the UK’s leading independently-run business and technical parks. “The Heath is a prime example of developing and retaining skills and expertise in the North West and adapting to suit the needs of changing industries and sectors. I have been impressed by this vibrant industrial base in Runcorn, housing a number of cutting-edge companies which are very obviously doing well,” said Andy Burnham.
Mr Burnham also highlighted the strong links forged between universities in Greater Manchester and companies based at The Heath, and added that he believed the site’s owner and operator, SOG Group, had created a unique regeneration model which was an example of how to breathe new life into locations forced to downsize or threatened with closure.
Mr Burnham said: “Building networks between academia and businesses, big and
small, is central to achieving economic prosperity and developing a varied skills base.” He added: “Both myself and Steve Rotheram, as Metro Mayor of Liverpool, are developing local industrial strategies and facilities like this should be at the heart of our thinking.”
Steve Rotheram said the site
regeneration of The Heath had provided an ‘important infrastructure’ with its facilities. He added: “But in all honesty it’s the type of businesses and some of the innovations that I was most fascinated by.”
Mr Rotheram highlighted the vast range of research they had been shown at The Heath, including tissue and joint regeneration, manufacturing artificial blood, nanotechnology and cutting-edge environmental science using polymers to dramatically reduce the world’s carbon footprint.
He praised SOG’s regeneration business model and added: “I think the only way UK plc will be able to recover from a post industrialised wipe out and what happens in a post-Brexit world is to use facilities in a different way to try to encourage indigenous businesses to start to look at innovation.”
Andy Burnham, John Lewis and Steve Rotheram
He said Liverpool City Region is ideally placed for this process by exploiting the region’s history and the future potential. The Mayors were told that the former ICI chemicals headquarters had been transformed by the SOG Group into an award-winning centre for business and science which is currently home to over 120 businesses employing around 2,000 people. Following their site tour Mr Rotheram and Mr Burnham met with other businesses located at The Heath in a networking session also attended by Halton Borough Council Leader Rob Polhill and Chief Executive David Parr.
THE OPTIONS FOR COMMERCIAL LANDLORDS WHEN A TENANT IS LATE PAYING I
t can be quite a financial worry if you are the landlord of a commercial property and your tenant is late paying the rent meaning that they themselves may be undergoing some financial hardship. Here are a few of the options available to commercial landlords if they find themselves in this situation.
Commercial rent CRAR can only be used to cover rent and not additional charges and there must be a lease in place, 7 days’ notice must be given to the tenant and the rent must be at least 7 days overdue. You’ll need to instruct a certificated
enforcement agent to take control of property to the value owed which can then be sold at auction. This process doesn’t require a court order and a certificated enforcement agent must be used, the landlord themselves are not permitted to enforce CRAR.
Forfeiture To use forfeiture, you must have a lease in place, forfeiture can be used if you wish to terminate the lease due to a
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breach of tenancy. The breach of tenancy is usually for non-payment of rent. The lease should clarify within its terms the number of days that rent must be overdue before forfeiture can take place. Forfeiture can be carried out by an enforcement agent and the locks will be changed so that the property is returned to the landlord and can be prepared for a new tenant. No notice is needed to undertake
forfeiture; however, the rent needs to be overdue with the detail of this being in the lease agreement.
But what if you need to both forfeit the lease and recover rental arrears? CRAR will always need to be undertaken first before the lease is forfeited. As a landlord you cannot use both forfeiture and CRAR to recover rent at the same
time, they will need to be used to cover different rent periods. For example, as a landlord you can
recover rent arrears using CRAR for the one period but will have to wait until rent for the next period is overdue by at least 7 days before you can go ahead and forfeit the lease. CRAR cannot be used if the lease has already been terminated. You can find out more about HCE Group and the specialist services we offer in our advert on the back cover of this magazine. Alternatively visit
www.hcegroup.co.uk
COMMERCIAL PROPERTY MONTHLY 2018
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