Real estate and infrastructure

train

Four firms score £1.5bn sale of Network Rail property

Clifford Chance, Eversheds Sutherland, Gowling WLG and Kirkland & Ellis have advised on the £1.5bn sale of Network Rail’s commercial estate to private equity giants Blackstone Property Partners and Telereal Trillium – the biggest investment programme in the railway since Victorian times. Clifford Chance and Eversheds both acted for Network Rail in its sale of a portfolio comprised […]

paris

Dechert nabs Paris finance team from Mayer Brown

Mayer Brown has lost a five-lawyer real estate and finance team to Dechert’s Paris office, as the recruitment market continues to heat up in the French capital. Dechert partner Privat Vigand is leading the team’s move to Dechert, along with four associates – Guenaëlle Taroni, Antoine Periat, Fanny Roiena and Pauline Keller. Vigand has been at […]

HSF wins new mandate for Argent on Tottenham development

Herbert Smith Freehills (HSF) is advising property developer Argent Related on a major redevelopment of Tottenham Hale, with plans for over 1,000 new homes as well as retail, office and recreation space. Head of the UK and EMEA real estate practice Jeremy Walden and joint head of the UK real estate investment practice Julian Pollock are leading for HSF, […]

top US law firms in London 2017

Ofwat puts out tender for £4bn Thames Tideway work

Ofwat has put out a tender for the Thames Tideway Tunnel (TTT), the biggest infrastructure project ever undertaken by the UK water industry, which has so far drawn in a raft of firms. Water regulator Ofwat, which has its headquarters in Birmingham, is seeking a sole legal supplier to advise on the construction of the TTT (also […]

Battersea power station

CMS leads on Battersea Power Station deal after clinching KWM work

CMS Cameron McKenna Nabarro Olswang has advised Battersea Power Station on its pre-let of 40,000sq ft of office space to a private members club, after clinching the work from King & Wood Mallesons’ (KWM) UK arm last year. The latest deal, which sees Battersea Power Station Development Company (BPSDC) pre-let to global serviced office giant […]

Analysis

billable hours

The speed read: what you need to know about the market this week

When Wayne Rooney landed at Manchester United in 2004, the story went that it wasn’t because Sir Alex Ferguson needed another striker, but because Newcastle had put in a bid for the young Evertonian and he couldn’t countenance seeing such an exciting talent anywhere else. That brings us to this week’s news that former SFO […]

Featured Briefings

Franchise resales – should franchisors be involved?

By Emma Lusty It is a common misconception that a franchise network with a high level of resales is a bad sign. In fact, a healthy resale market is a good sign. It means that franchisees are able to build up profitable businesses which can be sold to recover a return on their initial investment and […]

Social housing – Monthly Law Update

By David Isaacson TLT’s monthly law update on all things affecting social housing include: Charity automatic disqualification rules: changes to the law Government legal panel confirms the validity of electronic signatures Social Housing Green Paper: housing associations must adapt to “new norm Will the revised NPPF lead to more affordable housing? All supported housing funding to […]

real estate

Jersey’s offering for UK real estate investors stands up after Vote Leave

By Richard Daggett It is fair to say that, if the UK commercial real estate sector was a glass, it would be very difficult to determine whether it was half full or half empty. Every positive headline about the sector booming has been accompanied with a harbinger of doom regarding its future. For example, with Brexit, […]

UK real estate and competition law – An insight

By Samuel R Beighton On 18 September 2018, the UK’s Competition and Markets Authority (the “CMA”) announced that Heathrow airport (“Heathrow”) will pay a fine of £1.6 million in relation to an infringement of UK competition law arising from a restriction included within a commercial lease. Importantly, this case marks the first occasion that the CMA […]

Pre-purchase inspection is not a warranty

By Sandra Lando, Julie Djiezion For several years, there have been calls by some associations, including the Québec Association of Building Inspectors, for oversight of the work done by pre-purchase inspectors. On June 12, 2018, they resulted in the introduction of the Act mainly to improve the quality of buildings, the regulation of divided co‑ownership and the […]

Executors may not realise they have an income tax liability

By Dominic Cole The Telegraph reports this morning that many executors are not aware that they are liable to pay taxes on income produced by estate assets during the administration period. Executors are personally liable to pay the tax and therefore, if they distribute the whole estate thinking there is nothing else to pay, they may […]

Prinsjesdag- Tax plan 2019

The government submitted the Tax Plan 2019 and related legislative proposals to the House of Representatives. A number of parts of these legislative proposals that may be relevant include: 1. Change of rates in corporation tax, income tax and VAT 2. Limiting depreciation possibilities buildings in own use 3. Limitation periods for loss settlement in corporation […]

UK property held through a company may face increased scrutiny

By Dominic Cole As part of the drive towards increased transparency, a register of shareholders of UK property owning companies may have the unintended effect of making borrowing by those companies more laborious as registration of the company will need to take place before a charge can be registered on the property. Privacy is one of […]

Defendants liable for trademark infringement and passing off – Supreme Court

By Scott E. Foster, Kathy Tran On July 30, 2018, after a 15-day trial in the British Columbia Supreme Court, Mr. Justice Sewell issued Reasons for Judgment in a trademark infringement and passing off claim brought by two Royal Pacific companies against a former sales agent, Vinh Phat Steven Dong, and two companies owned and controlled by […]

Improving the Planning Appeal Inquries Process- Roswell Review

By Christopher Young 1. This Review asks how can planning inquiries be improved to “significantly reduce the time taken to conclude planning inquiries, while maintaining the quality of decisions..?” 2. This Review expressly invites evidence from “those who are, or have recently been involved in the inquiry process. We want to draw on people’s first hand […]

Legislation for luxury hotel development in Montenegro

Over the years, Montenegro invested significant efforts in the development of the tourism industry, and one could say that it is steadily becoming a go-to destination for those seeking an ultimate luxury Riviera lifestyle. The recent steps taken by Montenegrin legislators show that international trends are well received and recognized by local authorities, this time […]

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