Introduction The Town and Country Planning (Use Classes)(Amendment)(England) Regulations 2020 (the Regulations), which are due to come into force on 1st September 2020, represent a complete overhaul of the current Use Classes Order (UCO) and constitute one of the most significant changes to the planning system in thirty years, with huge implications and opportunities for operators […]
Fladgate has advised Patron Capital, the pan-European institutional investor focused on real-estate backed investments and their JV partner APAM, on the sale of Arlington Business Park (ABP) to Singapore’s CapitaLand for a total consideration of £129.25 million. Patron Capital and APAM acquired the business park in 2015, and Fladgate advised the joint venture on this […]
In November 2018, London’s Mayor, Sadiq Khan, called in the Kensington Forum Hotel application which had previously been refused by the Royal Borough of Kensington and Chelsea (RKBC) planning committee (primarily for the reason of insufficiently high design quality and harm to the surrounding area). The Mayor’s first reason given for the call-in was that […]
As part of a drive to support the high street and increase residential supply, the Government has now confirmed that it will bring forward a number of changes to permitted development rights, including options for the increased flexibility of high street planning uses. In particular, the proposed changes are to include: Allowing shops (A1) and […]
Fladgate LLP has advised Parkside Investments Limited, a Jersey company, in connection with the acquisition of a large site in Hendon, north west London, for approximately £9.5m. The site is used as a motor dealership and servicing centre and is let to Honda Motor Europe Limited. The site represents a short term investment acquisition with […]
Fladgate are delighted to have acted for leading UK infrastructure investor, Equitix, on the acquisition of Crickhowell House (also known as Tŷ Hywel), Cardiff, which is the administrative offices of the Welsh Assembly. The property is let in its entirety to The National Assembly for Wales Commission with a term unexpired of 13 years. Lead partner […]
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 LLP has advised KE Hotels on the acquisition of the Abbey Hotel, Bath through the purchase of Abbey Hotel (Bath) Limited from The Kaleidoscope Collection. The team also advised on the financing aspects of the transaction which involved a facility for the acquisition of Abbey Hotel (Bath) Limited and one for the refinance of […]
Fladgate LLP has advised London residential developer Strawberry Star on the acquisition of a 6.9 acre development site in Luton. The site has the benefit of planning permission for a mixed-use scheme, including 685 new homes together with a 200-bedroom hotel, retail and leisure facilities, a medical and wellness centre and public realm improvements. The […]
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 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 […]
Fladgate LLP has advised Penguin Random House Limited on an agreement for lease of a new London office at One Embassy Gardens. Situated between Vauxhall and Battersea as part of the Nine Elms riverside development, the new office is in close proximity to the publisher’s existing office at 20 Vauxhall Bridge Road in Pimlico which […]
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