Fladgate LLP has advised Aeromet International Limited, a leading supplier of airframe and aero engine components, on its bolt-on acquisition of Stone Foundries from Langham Industries. Aeromet and Stone Foundries have a long track record of providing aluminium and magnesium cast components to the aerospace and defence industries. Following the acquisition, the combined business will […]
Fladgate LLP has again advised Halkin Management Company Limited, a serviced office provider and part of the Kingshott Holdings group, on the acquisition of another large Central London office premises, this time on Lower Thames Street and being part of The Northern & Shell Building, which is owned by Richard Desmond, the proprietor of the […]
Fladgate LLP are pleased to receive instructions to act for Toys “R” Us Properties (UK) Limited in relation to its property portfolio, following the troubles affecting the Toys “R” Us Opco. Gavin Whitney, client partner, commented: “We are very excited to be acting on this high profile project and the team are looking forward to […]
Fladgate LLP has advised London Executive Offices Limited on its acquisition of a new 10 year lease from Great Portland Estates in their 30 Broadwick Street development. The letting was of the last vacant floor in the scheme. Gavin Whitney, real estate lead on the transaction, said: “We are delighted to be involved with helping […]
Fladgate LLP has advised Stonehealth Alpha Limited on its acquisition of a portfolio of health centre properties from Octopus Healthcare. The properties are spread across the UK. The acquisition marks Stonehealth’s entrance into the health sector and they plan to grow their portfolio over the next 18 months. Stonehealth were also advised by ASA Group […]
Fladgate has advised the renowned photography museum, Fotografiska, on its pre-let of the lower ground floors and a new office pavilion at The White Chapel Building, 10 Whitechapel High Street E1, from Derwent London. Fotograviska, which runs the photography museum in Stockholm, plans to use the space for The London Museum of Photography, adding a […]
Fladgate has advised Zouk Capital on the £30m investment into Green Hedge UK. The collaboration will facilitate the development, build and operation of nationwide battery energy storage projects. The projects will be rolled out over the next 12 months, and will primarily focus on the evolving ancillary service market. The transaction is the second Zouk […]
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 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 […]
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 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 […]
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 […]
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