Yesterday Scrutiny panel member Senator Sarah Ferguson said that she had heard that rent prices for units at the new Liberty Wharf shopping centre, behind Liberation bus station, are similar to King Street and that is why they have not been leased out yet.
Other evidence given to the panel revealed that people leasing property in town are struggling in the current climate and asking landlords to lower their rents.
Senator Ferguson said: ‘We have received anecdotal comments that the rents for Liberty Wharf are at a significant level which is perhaps explaining the reasons why none of the retail units have been leased.’
• See Wednesday’s JEP for full story and more business news.
