Real Estate

Whatever your views on Brexit and whether the UK should leave or remain and on what terms, Brexit seems a source of frustration for many people.  The question that the court had to decide was: can a tenant end its lease early because of Brexit?  The outcome will reassure landlords but be a disappointment for […]

Fladgate LLP has advised Parkside Investments Limited, a Jersey company, in connection with the acquisition of a large site in Hendon, north west London, for approximately £9.5m.  The site is used as a motor dealership and servicing centre and is let to Honda Motor Europe Limited.  The site represents a short term investment acquisition with […]

Fladgate are delighted to have acted for leading UK infrastructure investor, Equitix, on the acquisition of Crickhowell House (also known as Tŷ Hywel), Cardiff, which is the administrative offices of the Welsh Assembly.  The property is let in its entirety to The National Assembly for Wales Commission with a term unexpired of 13 years. Lead partner […]

Opco/Propco structures have long been popular in the hotel sector. IHG, Accor and Hilton are just a few of the big names who have split Propcos from Opcos. Many smaller groups have also found it to be an attractive model. There are, of course, commercial reasons why many hotel owners have put these structures in […]

Fladgate LLP has advised luxury Swiss watch brand, Richard Mille, on the acquisition of their new store on Bond Street, W1.  The building was previously home to luxury fashion brand Alexander McQueen’s flagship store. Fladgate has provided commercial and real estate legal advice to Richard Mille on numerous matters over the past 5 years including its […]

Fladgate is delighted to announce the appointment of Corporate partner Tim Wright. Tim joins having previously led the global sourcing practice group at Pillsbury Winthrop Shaw Pittman LLP in London. He specialises in complex, often cross-border, commercial, technology and outsourcing transactions, with a particular focus on the financial services, healthcare and technology sectors. He is […]

Fladgate LLP has advised Patron Capital, the pan-European property investor and its asset management partner and leading real estate adviser APAM, in relation to multiple lettings at Arlington Business Park, Reading. Patron and APAM have agreed the pre-let of the entire building 1240 comprising approximately 34,350 sq. ft. to NTT Security, the UK subsidiary of […]

Introduction It is the desire of almost every property investor to make their assets “sweat” by maximising the income available from them. One way investors achieve this is by granting leases of the airspace above their properties. Investors may, for example, lease the airspace to a developer who can help them improve the density of […]

The continued growth of the serviced office sector presents an investment opportunity for lenders providing issues surrounding perceived risk and valuation can be circumvented. The serviced office sector is evolving as businesses are increasingly demanding flexible, short-term office leases. Serviced offices are particularly attractive to SMEs and start-up businesses as they avoid a long-term commitment […]

The American philosopher, Ralph Waldo Emerson, once said “Once you make a decision the universe conspires to make it happen”.  Since he died in 1882 he can be forgiven for not knowing anything about the Landlord and Tenant Act 1954, but in any event the Supreme Court has concluded in S Frances Limited v The […]

While attention-grabbing headlines announcing the “decline” of the high street may be an example of overly gloomy reporting, the reality is that these are tough trading times. It seems as though every week there is a new report of another retailer or restaurateur calling in insolvency specialists. There are of course ways in which expense […]

In its recent decision in the North Midland[1]case, the Court of Appeal upheld a contractual provision that would mean that the contractor was not entitled to an extension of time to the completion date for any period of concurrent delay for which the contractor was responsible.  It would be unsurprising if contract draughtsmen took this […]