Insights: December 2008

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Quarter Day - December 2008


Legal updates for those involved in the real estate sector.

Fladgate advises HDG Mansur on acquisition of office building


Fladgate LLP has advised leading international real estate company, HDG Mansur Investment Services Inc, and the HSBC Amanah Global Properties Income Fund, in connection with the £12.6m acquisition of an office development, Pinehurst Park in Farnborough, from Norwich Property Trust Limited. HSBC Amanah Global Properties Income Fund financed the acquisition on a Shari’ah compliant basis […]

Changes to property taxes


The changes introduced by the Pre-Budget Report (PBR), whilst not huge, will assist some sectors and will affect most commercial transactions. Change in prevailing rate of VAT The major change is the reduction for a period of one year, from 1 December 2008, in the rate of VAT to 15 per cent. This will give […]

Fladgate advises on placing for AIM listed company Toumaz Holdings Limited


Fladgate LLP acted for AIM listed company Toumaz Holdings Limited, a nano technology provider, on the placing of two tranches of new ordinary shares raising a total of just over £1.3m. The proceeds of the placings will be largely used to provide working capital for Toumaz Technology Limited and to increase the group’s equity stake […]

Squatters' Christmas Presents


Christmas is coming and professional squatters are surveying high streets throughout the country for convenient vacant units from which they can trade over the festive season. Six to eight weeks’ trading in rent and rate free accommodation is all they need. In small shopping parades where there are several voids, some landlords may feel that […]