Ann Summers has become the latest retailer to agree a CVA to cut rents.
The lingerie and sex toy retailer is to move to a turnover-based rent on 25 stores. It has agreed revised rental terms on its 66 other branches.
The company has, however, seen a surge in demand for its products during lockdown.
A look ahead to what is happening in the world of commercial real estate this week
The Grade A DWP Hub at Treforest Business Park is being offered for sale by L&G
The mixed-use scheme is expected to support 2,500 jobs once complete
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
