Insights: Nick Wood

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Exclusivity clauses in leases – unlawful restraints of trade?

Nick Wood |

Summary It is common for an anchor tenant to seek an exclusivity clause in a lease. These are clauses that prevent the landlord from permitting parts of the relevant site (be it a shopping centre, a retail park, a leisure park or otherwise) from being used in competition with the anchor tenant. However, these clauses […]

Leases in the time of Coronavirus: frustration, force majeure, rent cesser and liabilities

Nick Wood |

Writing an article about Coronavirus (or Covid-19) and leases is causing me a degree of trepidation. I am aware that the situation around us is developing so rapidly that this article may well be out of date by the time it goes to print. I am also aware that a lot of ink has been […]

Coronavirus and leases

Nick Wood |

It would be remiss of us to publish this edition of Quarter Day without an article on the subject that has, in an unprecedented fashion, gripped the globe and impacted every area of our lives. I am writing of course about Coronavirus (or Covid-19) and I am writing this with a degree of trepidation.  I […]

Fladgate sponsored an LPF event: The Big Leisure Debate

Matthew Williams, Gavin Whitney, Stephen Lewis, Nick Wood |

Fladgate was delighted to sponsor the Leisure Property Forum’s Big Leisure Debate at Vue West End, Leicester Square. The past 12 months have seen critical issues impacting the leisure sector – BREXIT, rates increases, wages growth, staff shortages, and technological disruption. Although there have been positives too, with a very high level of cinema admissions, […]

Delivering the housing we need: some observations from industry

Nick Wood |

Background – The Housing Crisis Whether you work in the property industry or not, undoubtedly you will have heard that we are in the midst of a “housing crisis”. When people talk about this in the United Kingdom, they are by and large talking about the fact that average prices for residential dwellings rose from […]

SDLT is changing on 1 March 2019

Nick Wood |

Despite its receding influence, SDLT is back in the spotlight once again. This time though, it is as a result of a relatively minor change. From 1 March 2019, the period allowed in England and Northern Ireland for filing an SDLT return and paying the tax reduces from 30 to 14 days.

Fladgate advises an off-shore group on a disposal and an acquisition

Roland Brandman, Miles Crawford, Gideon Dabby-Joory, Adam Baker, Alex Haffner, Nick Wood |

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 advises Patron Capital and APAM on multiple lettings at Arlington Business Park

Roland Brandman, Gideon Dabby-Joory, Adam Baker, Nick Wood |

Fladgate LLP has advised Patron Capital, the pan-European property investor and its asset management partner and leading real estate adviser APAM, in relation to multiple lettings at Arlington Business Park, Reading. Patron and APAM have agreed the pre-let of the entire building 1240 comprising approximately 34,350 sq. ft. to NTT Security, the UK subsidiary of […]

Airspace leases: property out of thin air

Nick Wood |

Introduction It is the desire of almost every property investor to make their assets “sweat” by maximising the income available from them. One way investors achieve this is by granting leases of the airspace above their properties. Investors may, for example, lease the airspace to a developer who can help them improve the density of […]

What a waste: landlords beware!

Nick Wood |

Introduction A landowner has been convicted of a criminal offence and given 150 hours of unpaid work and a fine of almost £20,000, all because of waste left at its property by its tenant. Read on to find out how this happened and how you can avoid making the same mistake. The facts Our unfortunate […]

Fladgate advises on KE Hotels' acquisition of Abbey Hotel (Bath) Limited

Hamilton Forrest, Amy Collins, James Fry, Michelle Waknine, Miles Crawford, Mike Tremeer, Gary Smith, Adrian Mawlabaux, Wing Tang, Nick Wood |

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 […]

Restrictive covenants; do they mean I can’t redevelop my property?

Nick Wood |

Introduction Developers often identify land that looks good for development on the face of it, only to discover that there are restrictive covenants preventing the land from being developed or used in the way they would like. This can be incredibly frustrating; especially where the restrictive covenants are historic and the interests they seek to […]