Real Estate Development

Our team advises on all aspects of real estate development law, covering urban regeneration and development, including office, industrial and residential developments, on greenfield, brownfield and inner-city sites.

Working with a client base that includes both developers and those providing development finance, we understand the intricacies of the development process and have advised on many significant development projects, including:

  • Industrial and distribution parks
  • Office complexes
  • Hotels
  • Leisure
  • Mixed use
  • Residential

We have advised on a number of joint-venture developments and have acted for developers and registered social landlords working together to deliver residential development projects.

We advise on every element of a transaction, from heads of terms through acquisition, funding, compulsory purchase, town and country planning, demolition and construction to occupation or sale. Real estate development is a multi-faceted business and our clients benefit from the specialist advice of other Fladgate teams including planning, construction and tax.

Securing the best possible financial deal can be crucial to the ultimate success of a development project and we are proactive in helping clients to source the right development funding. We advise banks, institutions and developers on the different forms of funding, including conventional loan finance, forward sale and a variety of joint-venture arrangements.

If you have any questions or queries please call Antonia on +44 (0)20 3036 7208 or email abrandes@fladgate.com

“Outstanding, and comparable to the very best mid-tier firms”, Fladgate LLP recently advised Cathedral Group on a £78m mixed-use development and regeneration scheme. With hotels and leisure a notable area of strength, the firm also advised Lowy Group on the £33.5m sale of the Umi Hotel.

Legal 500
 
View by: Grid

Well-reputed specialists in representing mid-size businesses and property developers and investors. Effective in transactions, including those complicated by tax or offshore concerns, and experts in the hotels and leisure sector.  Provided advice for long-time client Odeon Cinemas regarding two key matters: Odeon’s new development in Milton Keynes and the surrender of an existing lease and grant of a new lease for its site at Marble Arch.

Chambers UK

“They have a commercial view and are quick to act while still providing sound advice when the timeframe allowed is limited.”  “I found them very good and well rounded.”

Daniel Polden’s clients include overseas and domestic investors, and he advises on commercial and residential matters. He also demonstrates financial expertise and advises lenders and borrowers on property-related finance matters.

Chambers UK

Fladgate LLP’s ‘on-the-ball’ team is led by Richard Reuben, who advised ING Real Estate Development UK on the sale of Hayle Harbour to Sennybridge. Antonia Brandes is advising Castle Lane Property on the redevelopment of 6 Castle Lane in Westminster. The team continued to handle a number of instructions in the hotels and leisure sector for clients such as Odeon Cinemas and Starboard Hotels.

Legal 500

Very effective property litigation firm’ Fladgate LLP has expertise in the leisure, telecoms, site development and high-value residential sectors. Thekla Fellas leads the team, in which Alison Mould ‘knows her game exceptionally well’, and Janet Keeley is ‘extremely impressive’.

Legal 500

“Outstanding, and comparable to the very best mid-tier firms”, Fladgate LLP recently advised Cathedral Group on a £78m mixed-use development and regeneration scheme. With hotels and leisure a notable area of strength, the firm also advised Lowy Group on the £33.5m sale of the Umi Hotel.

Legal 500

This superb team takes great care with every case it takes on. Over the past year, it has been most active in development work, advising a subsidiary of UK-based property development firm Zog on its purchase of a three-acre site in London E1. Sources say: “The lawyers are precise, responsive and accommodating”.

Chambers UK

Fladgate LLP is recommended for development work. Recent engagements include advising on urban regeneration schemes such as HDG Mansur’s development in Bristol, and on numerous projects for Cathedral, Mount Anvil, and new client, the Zog Group. The group recently attracted a number of property mandates in the nursing home sector.

Legal 500

Fladgate LLP’s “excellent” team advised long-standing client Tritax on various transactions, including forming a new property fund. On the development side, clients include Bondcare Group (one of the UK’s largest nursing home operators), Cathedral Group and Ipro. The hotels team acts for Henzada BV. The “expertise is tremendous, with above-average know-how and contacts”.

Legal 500

  • Offshore trust – acquisition of Camden Lock Market from Brockton Capital. This transaction placed Camden’s famous Stables Market and Lock Market in single ownership and will enable a major redevelopment of each site to proceed. Camden Lock Market is a site in excess of one acre, housing over 250 market stalls, more than 50 shops, 20 workshops, together with five food outlets.
  • Cathedral Group – £78m mixed-use Canning Town development and regeneration scheme to be carried out on land owned by the London Borough of Newham, including entering into agreements with the freeholder, London Borough of Newham, Galliard Homes and the occupational leasehold owners of the site.
  • The Deptford Project – £42m development scheme comprising 132 homes, 11,200 sq ft of workshops, an open air market and 5,000 sq ft of restaurant space currently being constructed on derelict land behind Deptford Station. The Deptford Project Limited is developing the scheme in a public private partnership with Lewisham Council which has undertaken the construction of the new station.
  • Highgate Hotels Inc – exchange of an agreement to acquire a site in London by this US based and privately owned hotel group for the development of a new 190+ room hotel. The agreement is conditional upon planning.
  • Medina Investments – acquisition and funding of a development site on Clerkenwell Road, EC1. Medina has obtained planning permission for the site, a former petrol station, for development into a mixed–use scheme comprising a 225 bedroom hotel, five residential apartments and three ground floor retail units.
  • 4C Hotels Group – £32.5m purchase of The Minories Estate in Aldgate which has been granted planning consent for a mixed-use scheme comprising over 500,000 sq ft of development. The high quality mixed-use scheme proposes a new residential building with 87 apartments, a new office building, the re-use of 16 Minories as a hotel, retail units and public open space. A section 106 agreement was entered into to secure various contributions as well as for 27 of the residential units to be affordable.
  • Weston Homes Plc – acquisition of Stratford Edge for development as a mixed–use scheme providing 202 residential units, offices and ground floor retail/café.
  • Seastar Developments – development of 353 The Strand, London, which was awarded Best Conversion by the Evening Standard New Homes Awards. The striking period property, a former office building, now consists of four apartments, including a duplex penthouse, all with views across the Thames to the Royal Festival Hall.
  • NHP Leisure Developments Ltd – mixed-use urban regeneration project to redevelop the former Kingston Power Station site to provide a 180 bedroom hotel and 356 flats. Several years ago, our clients bought the site which consists of a barge dock and the site of a power station and a substation. The substation is still owned by EDF. The innovative part of this deal is in the exploitation of the airspace above the substation which is owned by NHP. In order to proceed with this development NHP have funded the upgrade of the substation which will allow the flats to be built above.
  • ING Real Estate Development UK Limited – The sale of Dalton Park outlet centre together with a substantial piece of development land to Peveril Securities Limited. The sale contract was conditional upon planning consent which involved a number of judicial review challenges, all successfully defeated.
  • ING Real Estate Development UK Limited – The development of Hayle in Cornwall, including the sale of development land for development of a supermarket and harbour regeneration. This was conditional on planning, listed building and other consents. These included coast protection consents, consents from the Marine Maritime Organisation, a consent to release the land from the designation of “harbour land” under statute, to enable it to be developed, and the reorganisation of electricity cable wayleaves affecting the site.