Points to ponder when planning a new development

This year is heralded to be an ‘exciting year for commercial property’. An improving economic outlook has seen activity in the construction industry steadily increasing, culminating in eight months of growth to the end of 2013. Furthermore, this growth is not solely confined to housing and infrastructure projects; it also includes commercial building work, which is rising at its fastest pace since 2007. 

With such an optimistic outlook, it seems fitting to bring to the fore some of the key challenges that often face any proposed development, with a view to ensuring that these issues do not delay or even derail a new development plan.

Perhaps the key issue facing any development plan, and also the one that can prove the most challenging for any developer to overcome, is that of obtaining vacant possession of the proposed development site. The nature of occupation will have the greatest bearing on how difficult it will be to clear occupiers from the site. A tenant occupying by way of licence, for example, will be considerably easier to remove than a business tenant who has security of tenure under the Landlord and Tenant Act 1954…

If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Walker Morris

View more briefings from Walker Morris

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Kings Court
12 King Street
Leeds
LS1 2HL
UK
http://www.walkermorris.co.uk

Turnover (£m): 42.50
No. of lawyers: 188