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Commercial Real Estate

Property Development Solicitors

 

Our team advises a number of developers and also companies entering into transactions which are conditional on development works being carried out. Our construction team are also on hand to guide you through the process.

Acting for the public sector and for large portfolio landowners, we frequently deal with a variety of issues arising in respect of infrastructure and utilities.

“They are knowledgeable, friendly, efficient and a pleasure to work with.” 

Chambers and Partners

FAQs- Development

Property development is the business process of either the purchase and renovation of an existing property, or the building of new property on vacant land, which can then be sold or leased for a profit.

Also known as  “claw-back”, overage refers to a sum of money that the seller will become entitled to if a certain pre-agreed conditions are fulfilled. Overage clauses are not included in every transaction, but are used in situations where the property may become worth more in the future due to an uncertain event such as the granting of a new planning permission, that increases the value of the property.

An option is a contractual right to buy, sell or lease a property at an agreed price within a specified time period. The purchaser normally pays for the option and cannot pass it on to another party.

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Read, listen and watch our latest insights

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  • 13 February 2025
  • Commercial Real Estate

What are restrictive covenants and how do they relate to the planning system?

Restrictive covenants on use can be one of the more problematic aspects of a property transaction. Even if the restrictive covenants do not affect one’s development plans for the land, they may be an issue for subsequent buyers or future lenders.

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  • 31 December 2024
  • Commercial Real Estate

Real Estate update and 2025 expectations

Last year brought about major political changes in the UK. Amongst many pledges by the UK’s new government, the following are certain to have a significant impact on commercial real estate for the years to come

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  • 09 December 2024
  • Commercial Real Estate

What happens to a sublease when the headlease is surrendered, forfeited or disclaimed?

The intermediate tenant under the headlease falls away and the tenant under the sublease becomes the direct tenant of the superior landlord.

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  • 21 October 2024
  • Commercial Real Estate

Commercial Property Standard Enquiries (CPSE): why is it important to get them right?

Commercial Property Standard Enquiries (CPSE) have been a part of a commercial property transaction for over two decades now. Nonetheless, it would be safe to say they can be tricky to deal with.

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  • 17 September 2024
  • Commercial Real Estate

Planning reform: what to expect from the new Government plans?

The newly elected Labour government can now resume work on various legislative proposals pledged in its election manifesto. There are several bills which may have impact on commercial property in the UK.

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  • 17 July 2024
  • Commercial Real Estate

The Leasehold and Freehold Reform Act 2024: what does it mean for my leasehold property? 

The leasehold system in the UK has been subject to some unfavourable press for some time now.

We have always been impressed with the speed and reactivity displayed by the Clarkslegal Commercial Property team and their ability to make complex situations seem more straightforward.” 

Crown Europe

“It has been an immense pleasure to work closely with this firm that takes great care of its clients. The professionals are of the highest calibre and diligence.” 

Orkhan Eyyubov, Founding Director – New Canada Capital