Search

How can we help?

Commercial Real Estate

Development

 

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.

Key contacts

Read, listen and watch our latest insights

art
  • 06 March 2023
  • Commercial Real Estate

Complying with MEES: Improve your EPC rating before the deadline

Minimum Energy Efficiency Standards (MEES) are regulations aimed at improving energy efficiency standards in properties – this article relates to commercial properties onlyUnder the MEES regime, the EPC rating of a property is crucial if you want to grant a lease.. Since 2018, commercial properties are required by law to have an EPC rating between A and E and forms part of the government’s aim to be carbon neutral.

art
  • 12 January 2023
  • Commercial Real Estate

Real Estate Update – What to expect in 2023

Minimum energy efficiency standards (MEES) will be key in the new year for commercial landlords.

art
  • 05 January 2023
  • Commercial Real Estate

What happens when a business tenant remains in occupation after the expiry of its lease?

We are often asked by landowner clients whether there is any legal right to go on to a neighbour’s land to carry out repair and maintenance works where it is not possible to carry out such works from the landowner’s own property and there is no legal right in place allowing access to the neighbour’s land.

art
  • 19 December 2022
  • Commercial Real Estate

Commercial Rent Deposits – A brief overview

A rent deposit is money provided by a tenant to its landlord as security for payment of the rent and performance of the tenant’s covenants contained in the lease. A rent deposit deed will specify the circumstances in which the landlord can draw on this money and the conditions that must be satisfied for the deposit to be repaid to the tenant.

art
  • 13 December 2022
  • Commercial Real Estate

What are conservation covenants?

On 9th November 2021, the Environmental Act 2021 (EA 2021) received Royal Assent. The Act aims to promote environmental governance in the UK and implements new measures to help with the conservation of land through covenants.

art
  • 02 November 2022
  • Commercial Real Estate

What does MEES mean? 

The Minimum Energy Efficiency Standards (MEES) are regulations intended to improve energy efficiency standards in both commercial and residential properties. Compliance with MEES is a legal requirement under the Energy Act 2011. This article will focus on the current MEES regime and how it relates to commercial properties in England and Wales alone. Properties in Scotland are subject to different conditions.

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