News & Analysis as of

Commercial Property Owners United Kingdom

BCLP

Business Rates: Decisions About Material Changes of Circumstances “in the Locality”

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The Valuation Tribunal recently considered the impact of the Rushden Lakes Shopping Centre in Northamptonshire on rental and hence rateable values in neighbouring towns. The opening of the Centre had adversely impacted...more

Katten Muchin Rosenman LLP

Reflecting on the CIS: Three Month Review

Since 6 April 2024, most payments made by landlords and tenants are outside of the scope of the Construction Industry Scheme (CIS). New CIS regulations were introduced with the aim of streamlining the UK tax framework in...more

Goodwin

Q&A with TusPark’s Wei Meng on Life Sciences and Operational Real Estate

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Goodwin Partner Raymond Fang talks with TusPark’s head of UK innovation and real estate, Wei Meng, about building life sciences ecosystems and the operational nature of real estate in the sector....more

BCLP

Insight Report 2 - From Green Intention to Action

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Although investors clearly recognize the Real Estate Investment Imperative and almost all firms are making efforts to reduce the energy intensity of their property portfolio, our global study reveals that only 45% of real...more

BCLP

Longer Leases, Lower Ground Rents and Leasehold Liberation: Residential Reforms in the King’s Speech Explained

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The King’s speech announced a new Leasehold and Freehold Reform Bill ‘to reform the housing market by making it cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of...more

BCLP

Insight report 1 - The Sustainable Real Estate Imperative

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As pressure increases for organizations to reduce their environmental impact, sustainability is shaping the commercial real estate market. Our global real estate research reveals that over seven in 10 investors (71%) expect a...more

BCLP

Real Estate Outlook 2023

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At the beginning of 2023, our real estate subsector leaders shared their insights on what headwinds and tailwinds they expected for the industry in the coming year. As a follow-up retrospective, we asked the subsector leaders...more

King & Spalding

Green Buildings: Prioritising Energy Efficiency in the UK

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As ESG steadily climbs up the priority list for corporates, investors and lenders alike, the Minimum Energy Efficiency Standards (MEES) Regulations have brought into focus the immediate need for energy efficiency in...more

Katten Muchin Rosenman LLP

Gotta Have [good] Faith

This advisory discusses the recent case law developments on the express duty of "good faith" in English law and what they may mean within the context of commercial real estate....more

K&L Gates LLP

Overriding Interest Summer 2023

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Welcome to the latest edition of Overriding Interest. Inside this issue: - New Joiners - Articles of Interest & Firm News - Events - Pro Bono Update - Case Reports ...more

BCLP

Briefcase 2023 Quarter 2: Key Real Estate Cases and Updates

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In this quarter’s edition, we cover cases concerning continuing nuisance, business lease renewals, “subject to contract” and misrepresentation. We also tell you about the new Renters (Reform) Bill recently introduced to...more

Hogan Lovells

UK government's rental auction plans will bulldoze normal letting processes

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Amid strong industry objection to its proposed rental auctions scheme for vacant high street premises, the government has launched an open consultation to seek views on matters that will form part of the scheme, first...more

BCLP

MEES, The Next Chapter: Plotting Residential Real Estate’s Route to Net Zero

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MEES Regulations have meant that since 1 April 2020 landlords of residential property have been prohibited from letting out properties below a minimum EPC rating of E unless they have registered an exemption. With the last...more

Goodwin

Why Film and TV Studios Could Be a Blockbuster Alternative Asset Class

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Studios are excellent opportunities for operational real estate, with even more upside available to those who are able to provide important ancillary services. Achieving desired returns from traditional asset classes...more

Hogan Lovells

UK MEES: Reviewing a greener future

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Camilla Lamont and Paul Tonkin consider the potential effects of the MEES Regulations on commercial lease rent reviews. ESG considerations are increasingly dominating the conversation between commercial landlords and their...more

Hogan Lovells

Green lease clauses in the UK: a litigious environment

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Green lease clauses are now fairly commonplace, with most leases including some sort of ‘green’ obligation. For example, many leases already include ‘green’ covenants relating to the manner in which alterations are carried...more

Katten Muchin Rosenman LLP

Commercial Landlords v. Tenants: Let Battle Recommence

Key Points - - An arbitration scheme for commercial landlords and tenants was introduced during March 2022 under the Commercial Rent (Coronavirus) Act 2022 with the aim of resolving disputes over outstanding rent arrears...more

BCLP

Do you want to know how much your business will be paying in business rates from 1 April 2023?

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It is a good question because the new rating list; the first for 6 years, takes effect on that day. The rateable values that are being compiled reflect letting values (more or less) as at 1 April 2021....more

BCLP

Rating case note - the socio-economic value of museums

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Question - I am the FD of a public sector body. We run a museum which does not charge for admission and operates at a deficit, however its contribution to local culture and ability to attract visitors to the area make it...more

BCLP

Leasing - liability for rent during the pandemic

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Roger Cohen of Bryan Cave Leighton Paisner asks: is the tenant of commercial premises in England liable to pay rent whilst the premises were closed for the pandemic? Or has the tenant a defence to such a claim, thereby...more

Hogan Lovells

UK COVID-19 rent arrears arbitration scheme: no protected rent arrears for office premises

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The Commercial Rent (Coronavirus) Act 2022 introduced a statutory arbitration process for landlords and tenants to resolve disputes over commercial rent arrears accrued during the COVID-19 pandemic. The scheme applies to all...more

Hogan Lovells

Review of company voluntary arrangements (“CVAs”)

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On 28 June 2022 the Insolvency Service published a report it had commissioned from RSM UK to assess the impact that CVAs were having on commercial landlords (the “Report”). The Report was commissioned in response to a number...more

Hogan Lovells

UK company voluntary arrangements: 10 key takeaways for property owners from government research

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The company voluntary arrangement (CVA) is an insolvency process that has raised significant concern amongst commercial property owners in recent years about their use by tenant companies to change lease terms, write off...more

BCLP

Are you eligible for business rates relief? - seek advice today!

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Business rates relief - Scenario: Since 2019, my business has occupied offices on an out of town business park. I am increasingly troubled by the amount of the rates that we are paying. ...more

BCLP

Employment Law Horizon Scanning - Publication 4

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Although we may be in a transitional period, we believe hybrid working will be the dominant form of working arrangement moving forward. Why do we think this? ...more

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