Parties carrying out construction work often assume that either standard (or traditional) procurement or design and build procurement should be used to procure their projects, particularly when third party development funding is being obtained. However we are seeing a clear trend towards parties selecting other procurement routes to suit their particular projects and lenders being […]
Fladgate LLP has advised the investors on the refinancing of the luxury development at 37-38 Golden Square, London W1. The refinancing involved £54.7m of new funding from Apollo. The property, set in an iconic prime West End location, is a development of luxury apartments standing over two retail units and a flagship restaurant unit. Stephen […]
Fladgate LLP acted for an associated entity of BYM Capital in respect of its corporate restructuring and subsequent entry into a £59.8 million loan provided by Pluto Finance for the refinancing of the client’s acquisition of New Horizons Court in Brentford and its development from office use into residential accommodation comprising 271 private residential apartments. […]
The WELL Building Standard is the first building standard which focuses on the health and wellbeing of the building occupants and gives a ‘wellness’ rating for buildings. The WELL Building Standard is an international standard which is administered by the International WELL Building Institute, a public benefit corporation based in the US, whose mission is […]
A recent TCC case has highlighted the pitfalls associated with trying to ignore adjudication proceedings A recent Technology and Construction Court case illustrates the risks to a responding party of not participating in adjudication proceedings. The facts of Lobo v Corich & Anor  EWHC 1438 (TCC) were straightforward, if a little unusual. Facts of […]
Fladgate LLP has advised U+I in respect of a redevelopment project at Circus Street, Brighton. The £130m mixed use regeneration scheme in partnership with Brighton and Hove City Council will provide housing, student accommodation, dance studio for South East Dance, office and retail space. We advised on the construction aspects of the project, including all […]
Fladgate has advised the award winning residential developer Seastar on the £15m refinancing of its luxury apartment development (Strand Chambers) at 227-228 Strand in London. The refinancing follows a sale of the retail and restaurant units on the lower floors for £4.5m which completed in February and comprised a number of stages including: The transfer […]
Fladgate LLP is delighted to have advised on the multimillion-pound Victoria Gate Casino that opened in Leeds on 26 January. The 1,400-capacity venue, operated by Global Gaming Ventures, is one of the largest casinos in the UK and forms part of a new retail and leisure scheme being undertaken by Hammerson. The 50,000 square foot […]
Fladgate has acted for a borrower group of companies who were collectively advised by Ziser Group in connection with a loan facility from Lloyds Bank for £45m. The security involved four different properties in London, each of which was controlled by a different company. The released funds will be used by the group for further […]
Construction management has fallen out of favour in recent years, but with the possibility of both cost savings and cash flow benefits on offer, is it worth reconsidering construction management as the procurement method for your project? What is construction management? Construction management is a procurement method for managing construction works. It became popular during […]
Fladgate LLP has acted on behalf of Micuber Estates Limited in relation to a development agreement for lease with the newly set up National College for Digital Skills in Tottenham Hale. The agreement is conditional upon planning permission being obtained not only for the new college but also for a very large residential development on […]
Most involved in projects want the benefits of collateral warranties or third-party rights in contracts, with a trend towards the former due to step-in requirements. But are third-party rights really incompatible with step-in provisions? Those who have an interest, or are acquiring an interest, in a construction project will generally want the benefit of collateral […]
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