Real estate and infrastructure

BoxPark

Trio of firms lead on latest Wembley development

Bryan Cave Leighton Paisner, CMS Cameron McKenna Nabarro Olswang and Womble Bond Dickinson are acting on a joint venture between Boxpark and Quintain to create a sprawling 50,000sq ft food, beverage and events complex in Wembley Park. CMS advised property investment and development company Quintain, led by real estate partner Marie Scott and associate Richard Cameron. Quintain is leading the Wembley […]

Barclays

Pinsent Masons and Brodies lead on new Barclays development

Pinsent Masons and Brodies have advised on Barclays’ multi-million pound development of a new 450,000sq ft campus on the banks of the River Clyde in Glasgow, in one of the largest Scottish property deals of the year. Real estate partners Paul Connolly and Katharine Hardie led the team advising Barclays on the deal, which has purchased the development […]

City

Clifford Chance and CMS lead as Savills takes stake in debt adviser

Clifford Chance and CMS Cameron McKenna Nabarro Olswang have advised on property fund manager Savills Investment Management’s acquisition of a 25 per cent stake in DRC Capital. M&A partner and The Lawyer Hot 100 2018 Christopher Sullivan led for DRC Capital, alongside associates Gregory Scott and Oliver Marcuse. Funds and investment management partner Gerard Saviola and senior associate Jonathan Bray advised […]

Reed Smith rebuilds in Middle East with Pinsents team hire

Reed Smith has reinvigorated its Middle East practice, six months after the firm lost a team of construction lawyers to Eversheds Sutherland. Pinsent Masons’ former head of the Middle East region, Sachin Kerur, has been brought over to lead Reed Smith’s Dubai and Abu Dhabi office, having led Pinsents’ offering since 2008. He will be joined […]

Facebook

City trio score top roles on Facebook’s new HQ

Bryan Cave Leighton Paisner (BCLP), Hogan Lovells and Eversheds Sutherland have acted on Facebook’s acquisition of new office space in the City, doubling its footprint in the capital. The move sees Facebook acquire over 600,000sq ft of space in Kings Cross. BCLP advised longstanding client King’s Cross Central Limited Partnership (KCCLP) on the pre-let sale, led by […]

Analysis

Featured Briefings

Overseas companies and UK property – all change in 2021

By Maria Connolly At the end of July, the Draft Registration of Overseas Entities Bill was published. The intention is that, from 2021, overseas entities wanting  to deal in certain UK property will have to register in the overseas entities register (OER). Why will overseas entities have to register?

Hackitt review: Response suggests further extension of the regime

By Adrian Mansbridge As outlined in our previous articles covering what lies ahead for high rise regulation and the proposed ban on flammable cladding the legislative programme to implement the recommendations of the Hackitt review and to address broader concerns is already underway. However, as anticipated, political concerns have already led to these proposals being “beefed up”…

When can a force majeure clause in contracts be relied on?

By Tom George, Daniel Wood and Cathy Moore In times of economic and/or political uncertainty, parties to construction contracts may consider whether they have a right to rely on force majeure provisions as a justification for temporarily or permanently failing to perform substantive obligations. We review the recent decision in Seadrill Ghana Operations Ltd v Tullow Ghana […]

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

New provisions concerning critical infrastructure in Romania

By Irina Radu One of the major objectives of the EU is reducing the vulnerabilities of critical infrastructure and increasing their resilience. An adequate level of protection must be ensured and the harmful effects of disruptions on the society and citizens must be limited as far as possible. Critical infrastructures extend across many sectors of the […]

NPPF: changes to national planning policy on minerals

By Fergus Charlton On 24 July, the government released the long-anticipated revised National Planning Policy Framework (NPPF). Setting the emphasis on building new homes, Secretary of State for Communities, the Rt Hon James Brokenshire MP said: “Fundamental to building the homes our country needs is ensuring that our planning system is fit for the future.” […]

Breaking the chain: Why do Jersey property transactions fall apart

Much focus has been given of late to gazumping and the potential pitfalls of the Jersey conveyancing process. Thankfully in practice the vast majority of transactions do eventually make it across the line and in most cases, completion occurs within the allocated window agreed through the estate agent at the outset. Gazumping, while a genuine […]

Can you contract out of the prevention principle?

By Michael O’Shea In the Court of Appeal (CA) decision in North Midland Building Ltd v Cyden Homes Ltd [2018], the TCC judgment at first instance has been unanimously upheld. The CA considered the extent to which parties are able to decide where the risk will lie if concurrent delay arises…

Can you contract out of the prevention principle

By Michael O’Shea In the Court of Appeal (CA) decision in North Midland Building Ltd v Cyden Homes Ltd [2018], the TCC judgment at first instance has been unanimously upheld. The CA considered the extent to which parties are able to decide where the risk will lie if concurrent delay arises…

Excluding environmental liability in property transactions: let the buyer beware

The Court of Appeal in First Tower Trustees Ltd. and another v CDS (Superstores International) Ltd [2018] EWCA Civ 1396 has held that a landlord was not permitted to rely on a clause restricting its liability for representations, where it had misrepresented to a tenant in response to pre-contract enquiries that it had no knowledge of asbestos […]

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