However, according to Jonathan Buckle, head of the CBRE rating team in Birmingham, most of the other buildings and sites may miss out on the full £275,000 relief on offer.
He said: “The majority are development sites or premises requiring substantial refurbishment. Many don’t even have premises under construction, let alone capable of being occupied in the short or medium term. To qualify for full relief, tenants must take up occupation by 31 March, 2015. It’s too short a time frame, and it’s likely they won’t be on site in time for the full rates relief.”