Refurbishment is dominating the London office sector, according to the Deloitte London Crane Survey

The Deloitte London Crane Survey has once again revealed that developers are showing a propensity to renovate existing offices instead of constructing new ones as they seek to meet occupier demand for eco-friendly buildings whilst navigating the slow planning system and tightening green legislation. The latest issue of the bi-annual survey has highlighted a continued…

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The emotional cost of bad property transactions

Developers, please remember there is an emotional cost as well as a financial cost to bad property transactions. I sat down recently for coffee with a developer, and it struck me that, in addition to the financial cost, there is a high emotional cost to a badly run property transaction. In this case the developer…

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Removing an unwanted horse from private or public land

When the Control of Horses Act 2015 (the Act) was enacted, it was estimated that there were up to 3000 horses unlawfully grazing on land not owned by their owners. Whilst some of these horses had simply been abandoned, others were involved in ‘fly-grazing’, a term used for grazing horses on private or public lands.…

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Why Developers need to take Tree Preservation Orders seriously

The importance the law places on upholding Tree Preservation Orders (TPO) should never be underestimated, as North Northampton Council and developers Stanton Cross LLP found to their detriment recently, when the High Court found that 16 ancient lime trees had been unlawfully felled to prepare for the expansion of an access road. Despite a Tree…

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Is a developer’s optimism a problem for lenders?

It was a pleasure to host our first roundtable of the year with MDA Consulting on Thursday 11 April 2024. It was another successful breakfast discussion at the Ivy City Garden where we explored strategies for completing developments on time and on budget. Our guests included debt advisers, funders, residential & commercial developers, project monitors,…

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Commercial Property Predictions 2024 – Part Two  

In the first part of this article we looked at some predictions relating to the commercial property market in 2024, covering areas such as office spaces, residential property and the retail sector.   We also provided a brief précis of the wider economic outlook at the beginning of 2024, as extrapolating from the second half of…

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Commercial Property Predictions 2024 – Part One

It’s always going to be tricky to make forecasts about something as wide-ranging, varied and dynamic as the commercial property sector in the UK, but in this, the first of two articles, we’ve rounded-up some of the key real estate predictions for 2024, as set out by a range of respected and authoritative voices such…

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Westfort Advisors & Newmanor Law Roundtable – Navigating the new property finance landscape

Westfort Advisors & Newmanor Law co-hosted a roundtable event last week, with a group of lenders, borrowers and insolvency practitioners to discuss the commercial property finance landscape and the challenges and opportunities presented by the current market. With values in retreat and lenders remaining cautious about the future trajectory of the market, many borrowers looking…

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