Assisting a property investment company to secure a funder for the development of 63 apartments, infrastructure and other buildings and to create 77 serviced lakeside house plots situated in the Cotswolds.
Overview
Successful property developers understand the importance of instructing a legal partner with extensive relevant experience, specialist knowledge and a clear understanding of the practical and commercial pressures and the unique challenges of each development.
We specialise in advising developers and landowners on long-term strategic acquisitions and disposals and collaboration, consortium and promotion agreements, as well as site assembly and conditional and unconditional transactions.
The team includes lawyers that focus exclusively on development transactions and are therefore ideally placed to respond to the challenges and pressures that arise from development transactions and are familiar with the frequent need to provide fast and commercial advice and to meet pressing deadlines.
Our team is often involved in transactions at an early stage to provide advice on structure and other strategic considerations. We routinely advise clients on securing overage, clawback and indexation payments and on issues concerning easements, covenants and indemnity insurance.
Our team also advises on planning and infrastructure agreements, including arrangements covered by section 106 of the Town and Country Planning Act and utility and highway agreements. We also advise on the particular challenges arising from the Community Infrastructure Levy.
We also act for a number of banks and financial institutions in connection with secured lending for development projects and can provide assistance relating to all elements of primary and secondary acquisition and development finance and joint venture structures.
The team has embedded itself in the development sector and has a broad network of fellow professionals, including architects, planning consultants, funders, surveyors and accountants, with specialist knowledge of the sector that we are only too happy to share with our clients and contacts, to ensure the smooth delivery of development projects and to help overcome any issues that arise.
Expertise
Our team’s wide-ranging development and house building expertise includes:
- Overage, claw-back and indexation
- Land acquisitions and disposals
- Strategic land
- Land trading
- Affordable housing
- Joint venture and building agreements
- Collaboration, consortium and promotion agreements
- Site assembly and disposals
- Conditional and unconditional development transactions
- Corporate purchase and sale of property holding special purpose vehicles
- Planning advice
- SDLT and property related VAT
- Advising receivers in connection with disposals on behalf of banks or other secured lenders
- Advising primary and secondary funders on development finance and security arrangements
- Planning and infrastructure agreements
- Easements and covenants and indemnity insurance
- Environmental issues and contaminated land
- Plot sales and estate management arrangements
- Handling claims for possessory title and securing rights acquired by prescription
- Rooftop/airspace development
Who we help
We act for property developers, house builders, promoters, land traders landowners and investors involved in all types and sizes of residential, commercial and mixed use schemes. These range from single unit commercial or residential projects to larger multi-phase mixed use developments and care facilities with significant infrastructure.
We also act for a range development and property funding partners including traditional high street banks, specialist development financiers and mezzanine funders in respect of lending for development projects.
Our team includes one of the Thames Valley's few specialist Plot sales teams, enabling us to offer an end-to-end service throughout the life cycle of a development transaction, working seamlessly with clients from site acquisition to plot disposal, whatever the scope and scale of the development.
Recent work
Advising on the purchase of a large property comprising 45 acres with frontage onto the River Thames (the former Water Research Centre for Development), either for commercial purposes or to comprise one single dwelling with over 32,000 square feet of accommodation – within a tight timeframe.
Advising on the acquisition, packaging and subsequent disposal of properties for use in the social housing sector across the UK.
Advising a market-leading low carbon development company on the acquisition of a 25-unit residential eco community in rural Oxfordshire and disposal of plots on a services self-build basis.
Assisting in the refinancing of a transaction that involved security totalling in excess of £50 million over a site in Berkshire, which is being redeveloped for residential purposes.
Advising a private house builder in connection with a proposed joint venture with a high profile owner of a 16-unit residential scheme in a prestigious Cotswolds location.
Advising on the acquisition of a variety of development sites in Bicester, Hounslow, Eltham, Maidenhead and Weybridge with gross development values of £3 million – £10 million.
Advising on the renegotiation of an option to sell a significant area of land for housing development to a national developer, the site forming part of a strategic development area for South Wokingham.
Advising on an option to sell surplus land within the grounds of a golf club to a leading regional developer, for the development of between 40 and 60 houses.
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