PropertyLaw.guru Blog

EG 06-06-20

News - p.12 Travelodge is filing for a CVA to sidestep paying half its rent, international investors are buying into UK REITs while their shares are cheap following their drop in price caused by Covid, 73% of the global workforce wants to keep working from home on some level post-covid, social distancing requirements changing office layouts, and even widening pavement layouts, a move from London to
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EG 30-05-20

EG 30-05-20P.35 10 questions on CIL answered. - payment terms, exemptions and reliefs (e.g. social housing), in-use, notices, , s.73 applications, sales,, appeals, etc. CIL needs to be handed carefully by someone experienced in its nuances if expensive mistakes are to be avoidedP.37 Changes to Business Rates in Scotland as a result of Covid. Similar to E&W but this set out the differences in the
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EG 23-05-20

p.14 News - Supreme Court has ruled that ATMs at supermarket sites like Tescos do NOT pay business rates - which will trigger hundreds of millions of pounds of refunds. There are 34,000 appeals depending on this decision - business rates are an important issue for businesses that solicitors are completely unaware ofp.28 post covid predictions of a strong recovery in the London office market!Legal p.33
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EG 16-05-20

Lots more virus debates - how to redesign workspaces, who will pay for it, will the future of work change? LandSec saying rent receipts from its retail and specialist tenants could fall by 75% over the next 12 months and 20% reduction from office tenants. CBRE halving their flexible office space (Hana) plans for 2020. IWG (Regus/Spaces) trying to help their occupiers get CV funding from GovtRetail
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EG 09-05-20

Lots of articles on predictions for the future with covid, some saying its a buying opportunity as interest rates are low, predictions of  rents falling next year by 20+%, and problems with with the flexible space market being at 20% occupancy, plus businesses rethinking their office needs with the success of home working being apparent,  plus the problems of going back to work in an office
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EG 02-05-20

More coronavirus market news and predictions of a radical change in the attitude to work - more working from home, less need for offices and the death of the co-working shared office space market (until a vaccine is found)p.34 What will courts and tribunals do post covid? Since mi-march virtually all civil hearings have been heard by video or telephone. However the litigation system lives and breathes
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EG 25-04-21

P.17 Landlords blast exploitative retailers who aren’t paying their rent, such as Boots, and are seeking rent and service charge reductions, despite reporting big profits and dividends to shareholders. Some landlords are submitting winding up petitions as they can’t take forfeiture proceedings. But last week the Government banned that too….Hospitality tenants like Burger King and others are seeking
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EG 18-04-20

EG18-04-20Lots of CV articles and the effects on the property market. The Editor feels is its set to cause a depth of recession not seen since the 1930s, and dwarfing the global financial crisis 12 years ago.But we have more data, more history and more lessons to take onboard to help us survive..However, the property industry enters the recession with far better balance sheets than at the start of
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EG 11-4-20

Online only version of EG - get it from the app using your subscriber ref on the rear cover of your last one (the last number)Obviously CV is the big one, with points ranging from it being the most severe employment crisis since WW2, the effect on tenants and landlords, the collapse of the housing market, pKnight Frank predicts house prices will drop by 3% in 2020 and pick up in 2021 with 5% growth.
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EG 04-04-20

Coronavirus Many developers, agencies and property companies  are furloughing employees, and some are making redundancies, with viewings and inspections non-existent, sellers are considering delaying everything for 3 months. The transactional market is largely frozen. Tenants with lease expiries may decide to postpone office moves and instead seek a short extension from their current landlord.,
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