PropertyLaw.guru Blog

Estates Gazette articles - 23 Feb 19

p. 49 Third and fiinal part of the excellent mini-series about dealing with mixed use developments. This one looks at build to rent, the need for a ready made community, concierges, flexibility and cost transparency.p.51 End of the road for residential leasehold? Article questioning whether it needs to be replaced. Will it happen? (When hens have teeth, is my view). Points out the problems with common
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Estates Gazette 16 Feb 19

Stop press - the High Court rejected the claim by the European Medicines Agency that Brexit operated to frustrate the lease it had entered into - https://www.theguardian.com/politics/2019/feb/20/european-medicines-agency-loses-bid-to-end-uk-lease-over-brexitIf allowed this would have opened the floodgates to clams by tenants - the Agency may still appeal..Non law articles of interest:p13 A Regus
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Estates Gazette 09-02-19

Non law articles about the London Office market, Primary Health Care Properties, the residential market in the regions..P.49 Mixed-Use developments. - part 1 of a 3 part series by Dentons about the different stages of a mixed use development. This one looks a 3rd party rights and restrictions - rights to light, covenants and strategies to adopt. Then the problem of residential occupiers acquiring rights
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EG 2nd Feb 19

Various news articles charting the rise of Build to Rent, billions being poured in by investorsP.45 Thought provoking article about getting the most return from commercial property leases, which might not occur to comm prop lawyers, such as making sure tenants pay all charges, refuse to accept schedules of condition rather than a full repair clause, include toilets in the demises rather than in common
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Estates Gazette - 26-01-19

p.30, 31, 34 offices - the future and the death of the commercial lease?  A number of articles announcing significant 'flexible offices' from Landsec and also the fear that organisations like WeWork might take leases in SPVs and simply fold the companies if they don't work out financially are worries for landlords renting to them. Landsec's documents are only 3 pages long! Is this where we are
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EG articles 19-01-19

Been away for a week hence delay..p.26. Brexit='Frustration' of an agreement for lease? That is what is being argued in the High Court in  an attempt by the European Medicines Agency to avoid having to take a £13M a year lease in Canary Wharf till 2039 with no break clause (who on earth agreed that one!). This could open the floodgates if the argument is successful. Watch this space..p.30 Build
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EG articles 12th Jan 19

Non law:p.17 Local authorities are the new buyers of comm prop! They bought nearly £2bn of it last year. Why? They can borrow cheaper than normal investors and need to generate income to replace the abolition of financial support from the Government. Perhaps cozy up to your local council to get work? p.19 And as they pile into it, rents and returns on Comm Prop are falling, esp retail...but industrial
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EG 05-01-19

Lots of predictions on the market for the coming year, such as 1) The Midlands is the place to invest, 2) Turbulent year ahead for Retail,  3) Increase in developers building to rent not sell!P. 49 Predictions of the legal year ahead. Supreme and other court hearings are in the pipeline on issues such as enforceability of of restrictive covenants, rights of light, CVAs, proprietary estoppel, the
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Lawyers- Cut throat employers ?

https://www.theguardian.com/law/2018/dec/13/toxic-vile-cut-throat-the-work-culture-awaiting-junior-lawyers
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Estates Gazette articles 1st December 2018

p.32 Interesting (non-law) article about ‘clicks-and-mortar’ retailers (get up to date with the jargon whose businesses are a mix of online and in-store retail), in British Land’s huge Sheffield Meadowhall shopping centre - where the tenants rents are turnover based. But one tenant Joe Browns is 90% online, so how do you factor that in when you are drafting the turnover rent clause? Food for
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