Overriding Interest - Spring 2013


In this issue:

- The Green Deal - Impact on Commercial Real Estate

- High Value Residential Property Tax

- Announcements and Events

- Transaction Profile - Focus on Henderson Global Investors

- Case Summaries

- Excerpt from "The Green Deal - Impact on Commercial Real Estate"

The Energy Act 2011 introduced a funding mechanism for energy efficiency improvements to property, known in the industry as the “Green Deal”. The Green Deal regulations have been in force since January 2013, and are essentially designed to help the government meet its carbon reduction targets without the need for consumers to pay for energy efficiency measures up-front. A Green Deal Provider will carry out the necessary improvement works and then, over a period of time, the occupier pays for the works under a Green Deal Plan, through payments made under their energy bill.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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