Real estate and infrastructure

Addleshaws and A&O spearhead sale of BT’s HQ

Allen & Overy and Addleshaw Goddard are acting on the £210m sale of BT’s iconic HQ overlooking St Paul’s Cathedral to Orion Capital Managers. The deal, part of a major cost-cutting drive, includes an initial leaseback agreement of 30 months during which time the former telecom monopoly will move its HQ to a new London […]

Shard

Three partners to exit Greenberg’s London office

Two partners from Greenberg Traurig’s real estate group are leaving the firm for a rival US player, The Lawyer can reveal, while another member of its corporate team is also exiting for a new role. Real estate-focused private equity partner Tim Webb and colleague Emma Maher are to join K&L Gates, while corporate finance partner […]

oxford

Slaughters and Freshfields spearhead L&G’s £4bn tie-up with Oxford University

Slaughter and May and Freshfields Bruckhaus Deringer have led in Legal & General’s (L&G) £4bn house-building partnership with the University of Oxford. Slaughters corporate and finance partners Guy O’Keefe and Harry Bacon spearheaded the deal for longstanding client L&G, in its latest bid to tap into the rapidly expanding market of student accommodation. The financial […]

Pinsents wins mandate for £2.5bn Harrow redevelopment

Pinsent Masons is acting on a £2.5bn regeneration and growth programme for the London borough of Harrow. Dubbed “Building a better Harrow”, the project for Harrow Council is being led by real estate partner Scot Morrison alongside procurement director Wendy Nicolson and property senior associate Amy Walker. Though it is a London-focused deal, the team […]

Analysis

Featured Briefings

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 […]

Global 200: Real Estate 2017

The Global 200: Real Estate report builds on last year’s Global 200 report, which tracked every single partner in the world’s 200 largest firms by revenue, identifying each partner’s office location, gender and practice area.

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 […]

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