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'GAME' collapse: Hammerson takes a Hammering; Land Securities loses its Security; British Land lands in... (This headline isn't really working, is it?)

"Landmark Court of Appeal ruling over tens of millions in retailer's unpaid rent could change high street rules"

Link to Sunday Telegraph

"A collection of Britain’s largest property companies and the computer game retailer Game will clash in the Court of Appeal in the coming week over tens of millions of pounds of unpaid rent.

A consortium of landlords including Land Securities, Hammerson and British Land claim they missed out on rental payments when Game called in the administrators in March 2012.

"... The hearing is also seen as a 'test case' and could lead to major changes in how administrations work in the UK, giving greater priority to property companies. Landlords have complained for years that they are being short-changed by the administration process in the UK."

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