Voluntary Undertakings by Adriatic Land 3 Limited with the CMA

For Leases granted by Countryside Properties at Highmead (aka Silverpoint), Edmonton N18 We are pleased to confirm that, following an agreement between developer Countryside Properties, and Adriatic, Adriatic has entered into voluntary Undertakings with the Competition and Markets Authority (CMA), to offer to remove rent review clauses from 119 leases at Highmead, originally granted by Countryside with rent review clauses doubling more frequently than every 20 years (Doubling Clauses), including where these had been replaced with reviews linked to the Retail Prices Index (RPI).