As in the Canary Wharf case last year where the Supreme Court refused to frustrate the European Medicine Agency’s lease because of Brexit, for frustration to arise: (a) the contract must not have allocated the risk of the particular event; (b) there must have been a radical change in circumstances; and (c) the radical change […]
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, […]
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 […]
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 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 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 […]
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 […]
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 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 […]
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 […]
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 […]
The problem A registered proprietor of land owns the legal and beneficial interest to that land. When this principle was conceived it was quipped that “instead of the citizen telling the state who owns the land, the state will henceforth tell the citizen”. You may not consider this troubling on the face of it. However, […]
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