Published: 28th Sep 2020

Ashford Borough Council’s property portfolio could face ‘significant’ pressures because of the continued COVID-19 pandemic and lockdown measures, according to a new report. The report, which went before cabinet last week warned that the retail sector has already been under significant pressure in the run up to the pandemic, as more people buy good online. ‘With the enforced closure of most retail and leisure establishments for at least three months the impact on the retail and leisure sectors has been immense even with significant levels of support provided by the government,’ the report notes. ‘The list of chains to have gone into administration is extensive and includes the likes of Monsoon, Oasis, Oak Furniture Land, Go Outdoors, Harveys, DW Sports and Debenhams. ‘Whilst many of these were already struggling prior to the pandemic the forced closures were the final straw for many of these chains,’ it adds. The report adds … (To read the full article, subscribe below)