Real Estate Rundown S2 Ep 3: Revitalising high streets - the new Rental Auction Regime

In this episode, Andrew Jones, Partner in our Commercial Real Estate team, and Rebecca Mushing, Senior Associate in Planning team, unpack the new High Street Rental Auctions (HSRA) regime - a key part of the Levelling Up and Regeneration Act 2023.Designed to tackle long-term vacant commercial properties, the HSRA regime gives local authorities new powers to auction empty high street units, encouraging regeneration and supporting local businesses.Andrew and Rebecca explore what this means for commercial landlords, how the auction process works and the potential impact on property values, leasing strategies and the future of the high street.Tune in to learn how this new policy could reshape commercial real estate and change the landlord-tenant dynamic.Disclaimer: This podcast contains material for general information purposes only and does not constitute legal or other professional advice. Every effort is made to ensure that the content is accurate and up to date but users should always seek specific legal advice before taking, or refraining from, an action or relying on the legal information given here.Although Wright Hassall can assist with a number of legal matters, individuals should visit the firm's website or make direct contact to confirm whether the legal advice or service required is provided.