06 July 2016

The legal aspects and implications of commercialisation

Shulmans’ Helen Hill (Partner, Property Litigation) and Andrew Brockett (Associate, Commercial Property) recently presented a seminar on the topic of commercialisation at the ICSC’s European Retail Property School, which took place this year in Prague on Monday 4 July.

With more than 70,000 members in over 100 countries, the ICSC (International Council of Shopping Centers) is a global trade association which aims to advance the shopping centre industry and to promote its role in the commercial distribution of consumer goods and services.

The seminar imparted by Helen and Andrew looked at the legal issues and considerations for property agents specialising in this growing area. Commercialisation is about obtaining maximum ancillary income from a shopping centre, outside the usual tenant rental income. This include, for example, income generated from advertising boards, kiosks, merchandise stalls, promotional space, car valeting, vending machines, etc.

The annual ICSC event is attended by retailers, shopping centre landlords and consultants from across Europe, including companies such as Ikea, NEPI Investments and Confluence Property Management.

This is the second year that Helen and Andrew have been invited by the ICSC to present on the subject of commercialisation at this event.

For any further details about the event, please visit the ICSC website.