tag:blogger.com,1999:blog-73777422205004701872020-07-01T09:42:46.575+01:00PropertyLaw.guruPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.comBlogger111125tag:blogger.com,1999:blog-7377742220500470187.post-66754004539005091232020-06-30T14:38:00.002+01:002020-06-30T14:38:07.219+01:00EG 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 PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-57384288359319080132020-06-25T09:25:00.002+01:002020-06-25T09:25:16.674+01:00 EG 20-06-20 News Retail 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 experience IKEA 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 soldPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-29047116112454551422020-06-17T09:19:00.000+01:002020-06-17T09:19:11.004+01:00EG 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 up PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-65909809110460365942020-06-12T08:54:00.001+01:002020-06-12T08:54:00.861+01:00SuDS 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 PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-36215238536065431242020-06-05T20:11:00.003+01:002020-06-05T20:11:51.220+01:00EG 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 LondonPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-85535077054379952272020-06-04T08:34:00.001+01:002020-06-04T08:34:48.189+01:00EG 30-05-20 EG 30-05-20 P.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 avoided P.37 Changes to Business Rates in Scotland as a result of Covid. Similar to E&W but this set out the PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-61973442234865106742020-05-28T20:52:00.002+01:002020-05-28T20:52:46.101+01:00EG 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 of p.28 post covid predictions of a strong recovery in the London office market!PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-69943224848405288522020-05-19T14:03:00.001+01:002020-05-19T14:03:09.168+01:00EG 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 Govt PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-61568367019912359702020-05-10T20:22:00.003+01:002020-05-10T20:22:20.160+01:00EG 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 PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-59470801411206055402020-05-05T10:18:00.001+01:002020-05-05T10:18:57.547+01:00EG 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 PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-79669825127706419542020-04-28T17:38:00.001+01:002020-04-28T17:38:29.921+01:00EG 25-04-21 P.17 Landlords blast exploitative retailers who aren’t paying their rent, such as Boots, and are seeking rent and service charge reductions, despite reporting big profits and dividends to shareholders. Some landlords are submitting winding up petitions as they can’t take forfeiture proceedings. But last week the Government banned that too….Hospitality tenants like Burger King and others are PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-51290476160953683142020-04-23T14:40:00.000+01:002020-04-30T15:13:47.447+01:00EG 18-04-20 EG18-04-20 Lots of CV articles and the effects on the property market. The Editor feels is its set to cause a depth of recession not seen since the 1930s, and dwarfing the global financial crisis 12 years ago.But we have more data, more history and more lessons to take onboard to help us survive..However, the property industry enters the recession with far better balance sheets than at the PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-13683513415655997192020-04-12T11:17:00.001+01:002020-04-12T11:17:56.273+01:00EG 11-4-20 Online only version of EG - get it from the app using your subscriber ref on the rear cover of your last one (the last number) Obviously CV is the big one, with points ranging from it being the most severe employment crisis since WW2, the effect on tenants and landlords, the collapse of the housing market, pKnight Frank predicts house prices will drop by 3% in 2020 and pick up in 2021 with 5% PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-4832391802863544572020-04-07T16:56:00.000+01:002020-04-07T16:56:08.426+01:00EG 04-04-20 Coronavirus  Many developers, agencies and property companies  are furloughing employees, and some are making redundancies, with viewings and inspections non-existent, sellers are considering delaying everything for 3 months. The transactional market is largely frozen. Tenants with lease expiries may decide to postpone office moves and instead seek a short extension from their current PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-48336937733568056692020-03-31T18:17:00.001+01:002020-03-31T18:17:43.033+01:00EG 28-03-20 Coronavirus special? News p.15 The eviction moratorium - given a lot of the £2.5 BILLION of rent that should have been paid on the quarter day, 25th March, probably wasn’t! Meaning landlords of shopping centres, like Intu, already suffering want the government to support them as well as they can’t pay their mortgage debt payments! And also, the knock on effect is that the pension funds who PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-85973189973697296032020-03-25T11:38:00.002+00:002020-03-25T11:38:59.764+00:00EG 21-03-20 P.17 Coronavirus pushes retail landlords to the edge..Given the drop in retail sales generally, the virus and the lockdown means many tenants will go out of business or will demand rent reductions from landlords, meaning landlords cant pay their mortgages…can government bail everyone out - and what about the banks? p.26 interviews with women on the EG future female leaders programme. Good bitPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-54743796871784873672020-03-18T10:57:00.001+00:002020-03-18T10:57:49.676+00:00EG 14-03-20 News Budget of course - abolish rates for RVs less than £51k, though most retailers wanted a higher threshold Birmingham - office out, resi in - sites earmarked for office in the centre are now pushing for a residential & build for rent use!. A ‘wall of money’ from investors awaits such schemes Legal p.171 A second brilliant MEES article that is a must read showing with practical examples PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-36879875975766978832020-03-10T21:13:00.002+00:002020-03-10T21:13:31.102+00:00EG 7-3-20 New slimmer EG with more compact layout! News stories p.31 Big one is the possible insolvency of Intu (which runs many big shopping centres like Merry Hill in Birmingham and the Trafford Centre as it is sitting on £4.7 billion of debt! Its not just retailers that are under pressure, but their landlords are too. p.39 Average planning decision wait is  257 days - something to take into PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-54858695218636448022020-03-02T11:44:00.002+00:002020-03-02T11:44:09.661+00:00EG 29-02-20 P.49 AML for Estate agents, article about the AML  obligations on estate agents focussing on particular problems such as where the purchaser’s identity is withheld, where the rent is notified of the purchaser after the sale is agreed, what if the corporate seller does not match the details at Companies House. p.51 CORONAVIRUS!! What duties do landlords have? Pure Ls are unlikely to have PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-43059552304018985962020-02-24T15:49:00.003+00:002020-02-24T15:49:29.402+00:00EG 22-02-20 p. 34 Cannabis farming- Savills set up a project to identify suitable locations for *medical* cannabis farms! Which use class does that fall into. And would it be in breach of the ‘no-illegal or immoral user’ clause? p.40 Mainly for Students article about the basics of Government fiscal policy - GDP, base rates, exchange rates and so on. Worth a read.. p.49 Multi-party Joint Ventures. PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-2406605543639954152020-02-18T09:53:00.002+00:002020-02-18T09:54:03.854+00:00RICS releases new e code for commercial leasesAt last RICS has published this, to take effect in Sept 20. Updates the old one and it is now a professional statement. Excellent progress IMHO, read it at https://www.rics.org/uk/upholding-professional-standards/sector-standards/real-estate/code-for-leasing-business-premises-1st-edition/ But sadly the nicely designed tenant guide isn't updated but there is a more basic tenants guide which is aPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-60134683987522465452020-02-18T09:51:00.002+00:002020-02-18T09:51:07.842+00:00EG 15-02-20 News Front page ad for CREWUK - a  commercial real-estate networking organisation for women US based now opening it seems in London - crew network crewuk.org Hatton Garden’s legendary jewellery and diamond district faces extinction as jewellers can’t afford the rents landlords are seeking! Tate Privacy overlooking- nuisance case - CA refuses to accept there is a right to privacy in the tort PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-3116421610544078952020-02-12T13:59:00.002+00:002020-02-12T13:59:21.535+00:00EG 08-02-20 News section Numerous stories about the repurposing of retail parks for residential use, pension funds planning to invest in build-to-rent, ‘explosion’ of live-work or co-living schemes outside the capital, an analysis of the London office market and where it is going, the turnaround of WeWork who will be looking to surrender leases, office development has significantly dropped in many regionalPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-7925834415711180702020-02-03T18:59:00.001+00:002020-02-03T18:59:14.693+00:00EG 01-02-20 EG 01-02-20 Market news Various news stories about retail being repurposed for either office or residential use.  Eg Bath Homebase is going to be turned into a mixed use retirement village, another The Collective work/live units approved at W9 and Stratford, also WeWork being turned down as a tenant by Ls who are worried that they could fold the groups SPV lessees at the end of the rent PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-74945467223576376882020-01-27T19:39:00.003+00:002020-01-27T19:39:53.364+00:00EG 25-01-19 News articles on the BTR sector growing, and repurposing failing retail parks for resi or logistics Plus a must read interview of Reza Merchant, the charismatic founder of The Collective - https://www.thecollective.com the coolest place to stay in London (I’ve stayed at the Canary Wharf one a few times and bumped into him in the gym!). Co-living, combining high spec but small living quarters PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0