Coronavirus and the future of retail in Kensington & Chelsea

Cadogan, which owns iconic retail and leisure streets including King’s Road, Sloane Square and surrounding areas across Kensington and Chelsea (a total of 93 acres), announced last week an array of measures to support local businesses on top of business rate relief, Government-backed loans and VAT-deferral. Cadogan’s measures include 100% rent relief for all retail, leisure businesses restaurants, cafes and bars over the next three months, plus a switch from quarterly to monthly rents going forward, as revealed by CoStar News. To date, Cadogan has helped over 200 businesses across its estate.