Insights: Gavin Whitney

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Lease or licence – why you should care

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It is common for heads of terms to refer to a licence to use or occupy a property when the agreed terms would actually be construed as a lease. The two terms are bandied around and often used interchangeably; knowing the difference is key to avoiding lengthy and costly proceedings which go hand in hand […]


Fladgate acts for syndicate of offshore investors on loan facilities

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Fladgate LLP has acted for a syndicate of offshore investors in connection with two loan facilities from Investec Bank plc.  These include: A £17m loan to refinance the acquisition of seven sites in Greenwich (total of c.12 acres), which the borrowers are looking to convert into in excess of 1,500 residential properties over two principal […]


Relying on section 49 LPA 1925 – can you be rock solid?

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The payment of a deposit by a buyer to a seller under a contract for sale is a fundamental part of a transaction since it comprises the “consideration” that all first year law students learn is necessary – along with offer and acceptance – for the formation of a binding agreement between parties. It ensures […]


Business rates – possible changes to what you will pay

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Business rates will be changing on 1 April 2017 and this is likely to create some winners and losers: many London-based businesses will face sharp rate rises, although firms in the Midlands and the north will be largely unaffected or will see a reduction. It has been seven years since all non-domestic properties in England […]


To build or not to build…

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The building lease is a combination of a development agreement and traditional FRI lease in which, for a period of time, many of the usual tenant covenants are suspended while the tenant does things to the premises that it would not normally be allowed to do. When might a building lease be used? Sometimes a […]


Fladgate advises on the acquisition and financing of central London hotel

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Fladgate has advised Audley Grosvenor Limited on a development agreement for lease with Grosvenor.  This was for the acquisition of a £40m long lease interest of premises at 22 Grosvenor Square, 43 North Audley Street and 1 Lees Place, London W1 for the construction of a 32 room boutique hotel, restaurant and private members club […]


Madison International Realty acquires 50% of Paternoster Square for £200m

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Fladgate LLP has advised US investor, Madison International Realty, on the real estate aspects of the £200m acquisition from Oxford Properties of a 50% share in the Paternoster Square EC4 campus.  The acquisition includes King Edward Court, home of the London Stock Exchange and St Martin’s Court, CBRE’s head office in the City of London. […]


Fladgate advises on the acquisition of large Central London office premises

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Fladgate has advised on the acquisition of a large Central London office premises for Halkin Management Company Limited, a service office provider and part of the Kingshott Holdings group. The premises are located on Paris Garden SE1, are let for 10 years and have a headline rent of over £2m pa.  Collyer Bristow acted for […]


Fladgate advises on the acquisition of The Harpur Centre

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Fladgate has advised on the acquisition of a shopping centre known as The Harpur Centre in Bedford for Harpur Centre Bedford Limited (a wholly owned subsidiary of a Jersey Limited Partnership) from Zurich Assurance Plc.  Tellon Capital LLP was the acting asset manager on the transaction. James Burchell of Tellon Capital commented: “Daniel and his […]


Bunzl Plc acquires Tri-Star Packaging Limited

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Fladgate LLP has acted for the shareholders of Tri-Star Packaging Limited in relation to its sale to Bunzl Plc, the international distribution and outsourcing Group. Tri-Star Packaging, which is based near London and has three other branches in England and Scotland, is principally engaged in the distribution of food packaging and foodservice products as well […]


SDLT changes

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Introduction There have been quite a few changes to the Stamp Duty Land Tax (SDLT) regime in the past few years but most of these have focused on residential property.  However, the March 2016 Budget has introduced some significant changes for buyers and tenants of commercial property as well. From “slab” to “slice” Purchases of […]


Fladgate announces partner promotion

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Fladgate LLP is delighted to announce the promotion of commercial property specialist Gavin Whitney to its partnership in the latest round of internal promotions, effective 1 April 2016. As part of the firm’s Route to Partnership policy, Fladgate has made a number of additional promotions within its partnership structure as well as promoting Tom Bolam […]