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 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 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 […]
At first glance, one may assume that a case concerning offshore windfarms would be of little interest to developers outside the energy sector. However, the outcome of the recent MT Højgaard v E.ON case has a wider impact when considering design obligations under a building contract. A key issue in the case (upon which responsibility for a […]
Fladgate has acted for the Rooms & Studios Group (the Group) in connection with all legal aspects pertaining to a development loan to fund two PRS development schemes: one in Crawley, Sussex and one in Sudbury, West London. The Group’s development arm has secured two senior debt facilities totalling just under £61m from Investec Structured […]
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 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 […]
Step-in rights can help to keep a project on the rails if it becomes distressed – but how effective are they? A common feature of collateral warranties or third-party rights is a right for the beneficiary (often a funder) to ‘step in’ and take over the developer’s rights as employer of a building contractor or […]
Well-drafted letters of intent can be very useful for contractors, but are no substitute for a carefully negotiated and well-managed contract. Here are the main points to consider when putting together yours. In an ideal world, employers and contractors would finalise all aspects of a deal and record it in a signed contract before any […]
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