Pimlico rent rise

Dealers on London’s Pimlico Road will learn shortly the results of their efforts to fight rent increases proposed by Grosvenor Estates. A meeting with landlords has been scheduled for June 9 with Grosvenor promising a “positive solution” to the issue. Presumably this will mean reversing earlier proposals to raise rents to £95 per square foot that came after rises from £43 to £65 imposed in December 2000.