Fladgate LLP has advised Otium Real Estate, led by Ashley Blake, on the re-letting of the ex-Buzz Bingo unit on Robin Leisure Park Anjou Boulevard Wigan. Following a CVA in August 2020, Buzz Bingo, an anchor tenant of the park, Otium has re-let Unit 4 (25,353 sqft) on a new 15 year lease to Club […]
Part I – What to assume You may currently have a lease, or have taken a lease in the past, with a term of 10 years or more. If so, it is very likely that the lease contains provision for the rent to be reviewed at some point (most likely at the end of the/every […]
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 […]
Fladgate has advised Schumacher Packaging Group, one of the largest family-run manufacturers of packaging solutions made from corrugated board and solid board, on its acquisition of Midlands headquartered and family-managed Jaffabox Ltd. The takeover is the latest strategic step the Germany based group has taken as the business continues to expand. The acquisition represents Schumacher’s […]
Fladgate has advised Patron Capital and joint venture partner Oxlo in connection with the sale of the Mint office building in Leeds. This 120,000sq ft Grade A office was marketed at a guide price of £45m. The building is fully let to Jet2, the third largest scheduled airline in the UK, on a series of […]
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 […]
Fladgate is delighted to have advised Sylphar N.V. on its acquisition of majority stakes in the UK companies Pro Teeth Whitening Co Ltd and Nutravita Ltd. Fladgate worked closely with Sylphar’s Belgian lawyers, Argo Business Law Group. Sylphar, which is backed by the private equity firm Vendis Capital, is a fast-growing over-the-counter consumer healthcare business […]
Countless properties up and down the land, probably the majority, either have the benefit, or are subject to the burden, of a title covenant. A title covenant is basically a promise made in a deed to do or not to do something with a piece of land. Covenants can relate to all sorts of things. […]
Fladgate LLP has advised on the sale of the extensive Wembley Point site in Brent on behalf of off-shore clients of Bravo Investment House to Canada Israel Group. The asset was sold for £43m with the benefit of planning consent to convert the vacant office tower on the site to circa 400 residential units, with overage […]
Fladgate LLP has advised Turner Broadcasting System Europe (Turner), the UK based operation of Turner Broadcasting, the global entertainment, sports and news subsidiary of Time Warner, on the pre-let of 98,100 sq ft in a new development at 160 Old Street, EC1, which it will occupy from 2019. The building is owned by The Great […]
Could you trespass on someone else’s land, act as the owner of it for a long time and on that basis become recognised officially as the new owner? Surprisingly, that is what the law of this country has allowed, although in recent years the government has clamped down on opportunistic land-grabs. What is adverse possession? […]
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