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 […]
Fladgate has advised Global Gaming Ventures (Group) Limited (GGV) in relation to the real estate aspects of the financing of its new casino in Leeds. The Gambling Act 2005 provided bidders with the opportunity to establish 8 new large and 8 new small casino licences. GGV won two of these new large casino premises licences […]
Fladgate LLP advised on the sale of Kingston Heights Hotel, the final part of NHP Leisure Development’s mixed use riverside development in Kingston upon Thames, for £13.5m. There was a simultaneous sale of the management company which runs the innovative Open Loop Heat Pump System which provides heating to the development from the River Thames. Real […]
Fladgate LLP acted on the £60m purchase and redevelopment of 6 Castle Lane SW1, a redundant college, from Land Securities. The college, near to Buckingham Palace, will be redeveloped as 28 apartments and three town houses by a Jersey Company owned by a Lebanese Fund. This is part funded by a substantial loan from a Middle […]
Parties spend significant time (and costs) agreeing the terms of construction contracts. But only when a contract is correctly executed and dated will those agreed terms come into effect and a party be able to enforce its rights. Failing to execute contracts correctly can have significant consequences. It can create uncertainty as to the correct […]
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