Property development

Thomson Snell & Passmore acts for Rexton Investments Limited on new Burger King site

Alisa Sweeney, Partner in the Commercial Property team at Thomson Snell & Passmore, recently acted for our developer client, Rexton Investments Limited. 

Advising land owners on option agreements for housing development

We acted for land owners who had been approached by a developer to enter into an option agreement for a large housing development.  The proposed development formed part of a wider site which may, with planning, be developed in phases with various planning agreements including a school.  

Advising on a complex land acquisition and financing deal

We acted for a client on the acquisition of land forming part of a much larger site. The wider site had many issues to deal with including contamination, ecology and archaeology.  The seller had also entered into several planning agreements, including section 104 and section 36 agreements for the infrastructure at the site, which had to be considered as part of the transaction.  

Drafting construction documentation involving a multitude of contractors and consultants

We have been instructed by our client who is currently carrying out a major refurbishment of its London aparthotel.

COVID-19: Understanding the impact on the property market

COVID-19: A three month mortgage holiday for those affected by coronavirus

Moratorium on Forfeiture for Commercial Tenants in England and Wales

COVID-19: Understanding the impact on residential landlords

COVID-19: Evictions on hold during virus emergency?

Estate rentcharges - A cause of concern for buyers and lenders

An estate rentcharge is a historic mechanism of the late 19th century employed by estate owners to make it financially possible to meet the increasing housing need and collect rents for the upkeep of their land. 

Court of Appeal gives clear direction to local authorities in a landmark decision for s73 cases

In November last year, the High Court examined in Finney v Welsh Ministers & Ors the test for how far a condition on a planning permission could be varied.

Overage - Top tips

It has become mainstream for sellers to use overage, a mechanism whereby a future event undertaken (in respect of the land sold) by a buyer triggers an additional payment to a seller, as this helps to ensure best value on a sale of their property. With the use of overage becoming common place over the last few decades, it is no longer unusual to encounter land which is subject to existing overage provisions. These are our top tips when dealing with land subject to existing overage provisions.

Watch this space

One essential element of the due diligence undertaken on the acquisition of a development site is whether or not the land immediately abuts a roadway adopted as public highway.

Case Analysis – Persimmon Homes Ltd v Hillier (Court of Appeal Decision)

Court of Appeal upholds High Court decision to rectify sale documents governing a sale of development land and order property developers to pay damages to major housebuilding company.

The bargaining power of a CVA

A number of retailers have issued Company Voluntary Arrangement (CVA) announcements this year. If a limited company is insolvent, it can use a CVA to pay creditors over a fixed period. If creditors agree, the limited company can continue trading during this time.

Commercial Property Team of the Year 2017 from Solicitors Journal

Thomsons Snell & Passmore are proud to announce that we have been awarded Commercial Property Team of the Year for 2017.

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