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London Landlords Offer Rent Relief as West End, City Darken

  • Shaftesbury, British Land plan to offer further concessions
  • Restaurants and bars have to close early from Thursday
Updated on

Two of central London’s biggest landlords are planning to offer tenants further rent relief as property firms brace for another blow to their income after the easing of some lockdown restrictions was reversed.

British Land Co. and Shaftesbury Plc are looking to extend support for shops and restaurants that face a customer retreat just as they were slowly getting back on their feet, according to people familiar with the matter, who asked not to be identified because the details are private. They’re responding to Prime Minister Boris Johnson’s decision to close restaurants and bars close earlier from Sept. 24 and encourage employees to work from home.