PropertyLaw.guru Blog

EG 27-06-20

News section - lots of really interesting articles about the future of offices post pandemic - many predicting that in fact flexible workspace will grow as companies shy from long term commercial lease commitments given uncertainty in their market. Many articles well worth reading if you see yourself as something more than a paper-pushing-instruction-follower! Well worth spending the time to read these
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EG 20-06-20

NewsRetail out, co-working spaces in at London’s Westfield shopping centre - the owner is going to turn the 100,000 sqft  House of Fraser store into a co-working space à la WeWork!! Also use class D2 dance hall experienceIKEA doing residential property development in Enfield - will they come with furniture included?HofL call for greater scrutiny of pre-pack deals where the business is sold
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EG 13-06-19

NEWS p.13 New voluntary code or practice to be issued to reduce the tensions between Landlords and Tenants over rent payments, not altering lease terms, ‘rent payment plans’ to avoid forfeiture claims, insurance and service charges (possibly reduced where the property isn’t being used) to be paid as a priority, p.15 Flex office space - 50% rent rent reductions but business starting to pick
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SuDS adoption down the drain?

The proposed issue of Sewers for Adoption 8th edition has been binned by Ofwat issuing a revised system making Water and sewerage companies (WaSCs)to take over and adopt surface water sustainable drainage areas. Whilst WaSCs are undoubtedly the best organisations to run and maintain these facilities - vital to ensure new homes are not flooded, it means that the more sensible mandatory standards in
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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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