Fladgate LLP has advised Black Sheep Coffee Group (BSCG) on a complex agreement involving the acquisition of assets including eight cafes from Taylor St Baristas- a London-based, speciality coffee retailer. The addition of these cafes increases the number of the BSCG estate to 33 across London and Manchester and an additional franchise in the Philippines. […]
Capital contributions can be a useful inducement to tenants but proper consideration of their impact is often missed in negotiations. It is important to identify the correct reason for the payment as this can affect the VAT treatment, whether the construction industry scheme (CIS) applies, whether capital allowances are applicable and the treatment of any works on rent review.
Gone are the days of communicating via smoke signals and carrier pigeons. Billions of emails are sent every day. Telecommunications is therefore of vital importance to most, if not all, 21st century businesses. Many tenants’ focus is therefore on their ability to extend the telecommunications services at their premises. Broadly speaking, tenants are in a […]
As well as assisting London Executive Offices (LEO) with various asset management matters, Fladgate LLP is delighted to have been able to act on another acquisition for them, this time at One King William Street. LEO already had three floors in the building but has now added two further floors and extended the existing leases so […]
For most buyers of registered land, the deal is done on completion of the transfer, when the purchase price is paid and they are given the keys to the property. However, there are important post-completion formalities to which solicitors must attend. Legal title to registered land does not pass to the buyer until the transfer […]
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. […]
Fladgate has advised Mindspace, the international provider and operator of high-quality and design-led co-working workplaces, with the leasing of their second London premises. Earlier last year, Mindspace acquired (by way of a lease) their first premises in London at the Relay Building on Whitechapel High Street – a transaction which was also dealt with by […]
Block insurance policies are a very common way of insuring multiple properties. Landlords can benefit from economies of scale and may find the administration easier with only one renewal date and uniform terms. However, earlier this year the Upper Tribunal held that one landlord could not recover its block policy premia, despite being permitted to […]
Fladgate has advised Sea Oil Tankers Limited (an Isle of Man incorporated company) on its issue of up to $200m of corporate bonds (which may be denominated in euros, US dollars or sterling) and admission to trading of those bonds on the Gibraltar Stock Exchange (GSX). The transaction was led by capital markets partner Chris […]
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