Understanding the differences between leasehold and freehold ownership
Recent changes in leasehold legislation are set to impact property ownership in England and Wales. These reforms, aimed at simplifying processes and reducing costs for leaseholders, could have significant implications for both homeowners and property investors. Understanding the differences between leasehold and freehold ownership is key for anyone involved in the property market. This article…
Read MoreThe resurgence of the UK hotel sector as a prime investment opportunity
The UK hotel sector has experienced a remarkable resurgence in recent years, emerging as a highly attractive proposition for commercial property investors. Following years of uncertainty driven by the COVID-19 pandemic and economic fluctuations, 2024 marked a turning point, with transaction volumes soaring to pre-pandemic levels. As the sector enters 2025, it offers insights into…
Read MoreOptimism returns to the UK office lettings market in 2025
As the festive cheer subsides and we settle back into our routines, a flicker of optimism illuminates the UK office lettings market heading into 2025. This optimism, a welcome contrast to the challenges of recent years, reflects a sector that seems poised for renewed growth after weathering a storm of uncertainty. Historical challenges in the…
Read MoreHow to ensure your festive property deals get done
Christmas is coming, the goose is getting fat, and you need it to lay golden eggs in the commercial property market! A firm such as ours, Newmanor Law, provides much more than just legal advice and that is especially true at this time of year when you need your 2024 to end with deals completing…
Read MoreLondon office construction: Refurbishments dip below new builds for the first time since 2020
The Winter 2024 edition of the Deloitte’s bi-annual London Office Crane Survey has highlighted a significant shift in London’s office construction market, revealing that, for the first time since early 2020, new build office projects have surpassed refurbishment starts, reflecting changing developer priorities amidst economic and geopolitical challenges. Between April and September 2024, statistics showed…
Read MorePotential reforms to ‘Security of Tenure’
The Law Commission has recently released its first consultation paper exploring potential reforms to the security of tenure provisions for business tenancies under Part II of the Landlord and Tenant Act 1954 (LTA 1954). This is a significant issue for business landlords and tenants, as security of tenure fundamentally influences their rights to renew leases…
Read MoreGreen shoots of recovery in the UK construction sector: Planning reforms and future prospects
The UK construction sector is showing signs of a strong recovery, with growth in July 2024 marking its most significant surge in over two years. This positive momentum follows a period of uncertainty caused by economic challenges and a changing political landscape, but it seems optimism has been revived, particularly following the Labour government’s announcement…
Read MoreCommercial property giants are being surpassed by smaller players focussed on warehousing and logistics
The landscape of Britain’s commercial property market has dramatically shifted following the pandemic, leading to the decline of long-established giants like British Land and Land Securities in favour of more agile and specialised companies focusing on logistics and industrial assets. British Land and Land Securities were once synonymous with some of the UK’s most iconic…
Read MoreThe development of new office space stalls in the UK
The office development sector has hit a significant slowdown, with new projects reaching their lowest level since the financial crisis. High construction costs, increasing borrowing expenses, and the ongoing shift toward remote work have heavily impacted developers’ willingness to start new office projects. According to analytics group CoStar, from April to June 2024, less than…
Read MoreWhy are Break Clauses important in Commercial Property leases?
The shift away from the standard model of office working has only solidified since COVID, with much of the UK’s workforce now taking back control as to where, how and when they undertake their jobs. This increased expectation for flexibility has led many business owners to reassess their needs for leased office or retail space…
Read More