Real estate and infrastructure

Holborn Viaduct

Magic circle firm wins Goldman Sachs mandate on HQ sale

Linklaters and DWF have led in the £1.2bn sale of Goldman Sachs’ new City headquarters, in the biggest deal announced for a London office building this year. The magic circle firm’s real estate partners Patrick Plant, Simon Price and corporate real estate partner Tom Watkins led for Goldman Sachs Group, which has sold its new, unfinished European headquarters […]

Latham and Linklaters team up for sale of Grosvenor House Hotel

Linklaters and Latham & Watkins have spearheaded the sale of the iconic Grosvenor House hotel to a Qatari-state backed company, as the wealthy Gulf state continues its splurge on the capital’s trophy assets. The magic circle firm advised Katara Hospitality, which is owned by the Qatar Investment Authority (QIA), led by real estate partner Simon Price, banking partner Mark O’Neill, corporate […]

Ashurst

Ashurst hones in on project finance with White & Case hire

Ashurst has nabbed White & Case partner Matthew Wood for its Africa-specific project finance practice, ending his 16-year stint at the US firm. Wood has been drafted in by Ashurst to lead the firm’s operations in the region and will relocate from the UAE to the London office. He has spent his entire career at White & […]

Birmingham

Hogan Lovells hires Squires lawyer for Birmingham practice area launch

Hogan Lovells is introducing a new construction practice to its Birmingham base, having trebled its lawyer headcount since launching in the city four years ago. The new construction practice has been set up through the hire of construction associate Rebecca Storer, who joins on Monday 5 November. Storer previously spent four years as an associate […]

Westminster

Freshfields leads on House of Commons property sale

Freshfields Bruckhaus Deringer has won the top advisory role on the sale of the House of Commons’ administrative building to Swiss investment foundation AFIAA. Real estate partner Mark Wheelhouse advised German real estate investment company IS Bayernfonds in the sale of the historic West End office building, alongside associate Christine Partridge. Located in London’s Victoria sub-market, the 14 […]

Analysis

Andrew Howson

Getting slicker: in-housers share what self-service technology means to them

On a clear, bright morning at the end of September, 11 GCs gathered at the South Place Hotel near Liverpool Street to share how they were overcoming issues surrounding legal self-service and assembly; the “nuts and bolts” of running a clean and slick legal operation. How does one leverage technology to deal with the business-as-usual […]

Sky HQ

Four things the Comcast deal tells us about City M&A

Over the weekend, nearly two years of tussling for UK media giant Sky came to an end when Comcast’s £30bn bid trumped 21st Century Fox.

But while magic circle firms maintain only they can act on big-ticket M&A, the variety of advisers on call was striking. Here’s what we learned.

Featured Briefings

Supreme Court – Sporting rights over land are capable of being easements

By Maria Connolly Purely sporting or recreational rights over land are capable of being easements, the Supreme Court has confirmed. In a judgment handed down today the Court held that, so long as such rights satisfy the four well-established characteristics of easements, there is no reason why they should not be easements (Regency Villas Title […]

Reform of the Community Infrastructure Levy

By Katherine Evans In March we reported on the government’s consultation on the reform of the current system of developer contributions. The government’s response to the consultation, released at the end of October, confirms that change is on the horizon. The key themes of the consultation were centred around a desire to make the system simpler and more […]

Proposed ban on flammable cladding – An update

By Adrian Mansbridge Following Dame Hackitt’s Review of the Building Regulations and Fire Safety the government announced that it would consult on banning flammable cladding. The consultation closed on 14 August 2018 and the housing secretary announced at the Conservative Party Conference that the ban would be brought forward.

Downsizing?..There may be no choice

Now is the time to invest in companies that make small furniture! The 2 1 City of Westminster in the City Plan 2019- 2040 has suggested that new developments and conversions will (unless necessary to protect a heritage asset) not be allowed to provide units of greater than 150 sq m (1,615 sq ft) to […]

What to do if you have bought a second-hand dodgy car

By Sarah Moran When you buy a second-hand car from a dealership your rights as a consumer are covered under the Consumer Rights Act. The Consumer Rights Act means that as a buyer the goods you are buying should be satisfactory quality, fit for purpose and as described. In the TV show The Sheriffs are Coming […]

Are you allowed Council Tax relief on a Holiday Let?

By Dominic Cole The Ministry of Housing, Communities and Local Government have opened a consultation into the ability for holiday lets to register for business rates, rather than Council Tax which has allowed over 45,000 properties to qualify for small business rate relief and therefore escape a charge completely. Properties are valued for business rates when […]

MEES: domestic landlords may have to spend £3,500 to comply

By Maria Connolly On 5 November 2018, the government released it response to the consultation on proposals to amend The Energy Efficiency (Private Rented Property)(England and Wales) Regulations 2015 (widely known as the MEES Regulations). What is the effect of the consultation response? The consultation had proposed that landlords of domestic properties would be required to spend […]

Rising house prices in England -IFS Research

By Aimee Stevens Research produced by the Institute for Fiscal Studies has shown that house prices in England have risen by over 173% in the last two decades. With that comes the frightening statistic that 40% of young adults (those aged between 25 – 34) cannot afford to buy the cheapest homes in their area. The […]

Government increases probate fees for wealthiest estates by 3,770%

By Aidan Grant Although the increase in probate fees to £6,000 for those estates worth more than £2,000,000 will understandably grab the headlines, the underlying policy contains more detail which should not be ignored. Firstly it is worth remembering that this highest band is a significant reduction on the £20,000 band proposed in 2017. Secondly […]

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