Real estate and infrastructure

london

Mayer Brown and BCLP lead on sale of Morgan Stanley’s City HQ

Bryan Cave Leighton Paisner (BCLP) and Mayer Brown acted on Link REIT’s £383.6m acquisition of 25 Cabot Square in Canary Wharf. The acquisition of the 17-floor office complex, which houses Morgan Stanley’s HQ, marks the Hong Kong-based investment trust’s entry into Europe. Mayer Brown acted for Link, Asia’s largest real estate investment trust, led by […]

johannesburg

Eversheds disbands South Africa mining practice after six-strong departure

Eversheds Sutherland has called time on its South African mining and natural resources practice after just one year, following a six-strong team departure. Eversheds’ former head of mining and infrastructure Warren Beech and partner Nicholas Veltman have left the firm to establish their own boutique. They are joined by fellow lawyers Refiloe Vengeni and Eben […]

st thomas hospital

Addleshaws leads on £250m hospital development for NHS

Addleshaw Goddard and Winckworth Sherwood are acting on the development of the £250m “Triangle” site on St Thomas’ hospital campus in London. Addleshaws team, helmed by construction and engineering partner Andrew McVeigh and  co-head of the housing sector Peter Hardy, are leading for Guy’s and St Thomas’ NHS Foundation. The rest of the Addleshaws team […]

house

Twenty-two firms win places on social housing panel

The Central Housing Investment Consortium (CHIC) of social housing providers and local authorities has appointed 22 firms to its new £15m panel.  The contract is divided into three lots; corporate, governance and finance, housing and asset management, property and development across England and Wales. Firms that have been added to all three lots include Bevan […]

DWF Manchester

DWF hires Bakers trio in Warsaw after raft of global cuts

DWF has hired a three-strong real estate team from Baker McKenzie to boost its Warsaw office, days after the listed firm made considerable cuts across its international network. The team is led by partner Joanna Wojnarowska, who brings along senior associates Weronika Roesler and Ewa Lewandowska. As part of the move, the partner will become […]

Analysis

Leaving Fleet Street is an emotional wrench for Freshfields

On a London map, the distance that separates 65 Fleet Street from 100 Bishopsgate amounts to almost three kilometres. But the path that led Freshfields Bruckhaus Deringer from its longstanding institutional home to the shiny skyscraper feels much longer. The firm first signed a lease for the new building four years ago, marking a new […]

Barrister of the week: 5RB’s Adrienne Page QC

Adrienne Page QC has represented newspapers, politicians and barristers in the most sensitive of cases during a sterling 46-year career; however, life hasn’t been without its challenges for 5RB‘s libel doyenne. During her early years as a junior, Page struggled immensely with the stressful experience of going to court, at a time when anxiety in […]

Roundtable: Remote investigations during Covid-19

The world of investigations relies upon in-depth scrutiny. Whether it be leafing through office documents, conducting forensic interviews or relying upon whistle blowers, an investigator’s physical presence on-site is often key to carving out the truth. However, the in-person part of investigations is largely on hold for the time being due to Covid-19, forcing individuals […]

Roundtable: how in-house lawyers can nail Libor

Lawyers are supposed to always have all the answers. But there can be exceptions. In a complex industry like financial services, there are regulatory changes that hit in-house legal teams like an avalanche. This is why, when Howard Wassall, principal sales engineer at software provider Apttus+Conga, laid out the urgency and complexity of tackling the […]

Featured Briefings

End of consultation on the abolition of ASTs – response awaited

By David Perry The recent Government consultation on ending no fault terminations of residential tenancies, which will effectively abolish assured shorthold tenancies, came to a close on 12 October. Many people will be looking to see what, if anything, results from that process. As a generational change in residential letting, many stakeholder groups are likely […]

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 […]

Housing white paper – ‘unprecedented steps’

By Hugh Richards The Government has published its Housing White Paper “Fixing Our Broken Housing Market”. It will be recalled that in his speech to the party conference in October 2016, the Secretary of State, Sajid Javid, called for “unprecedented steps” to increase the delivery of new homes – his “number one priority” and a […]

LMA publishes template broker letter

The LMA has recently announced the publication of its own form of insurance broker letter for use on real estate finance investment transactions. Broker letters are used to provide comfort to lenders that the obligors are complying with their insurance obligations under the loan agreement, and that the lender (or agent, on syndicated transactions) will be made aware of any issues that arise with […]

Be careful with NHBC cover – you could be on the hook for longer than you think

By Nigel Lewis In our latest alert, we review the judgment in Larkfleet Ltd v Allison Homes Eastern Ltd which highlights the potentially significant liability implications arising from National House Building Council (NHBC) cover for contractors involved in residential developments. You may be on the hook in terms of possible liability for a lot longer […]