Posted Wednesday 2nd June 2021
The latest development in the high-street will see Debenhams convert their flagship store on Oxford Street into a new retail and office scheme. The refurbished building will contain three stories of retail space alongside a flexible office space and mixed-use areas.
As bricks and mortar “non-essential” establishments were ordered to clos and measures were introduced by the Government, it has had a substantial impact on real estate litigation.
Joelson’s Real Estate Litigation team have outlined the key developments and where they now leave the relationship between landlords and tenants.
New guidance has been published by RICS detailing how members should measure, define and refer to land being sold. The guidance focuses on three key areas: the land ownership area, site area, and net development area. Look out for it from the 7th August.
British high-street icon Marks & Spencer has announced it is to push ahead with the closure of multiple stores following the trend set by other big retailers. Online sales have increased for M&S and the company has declared losses of £200m, suggesting the retail outlets are causing more harm than good.
The government is calling for views on the new residential developer tax scheme that aims to set aside funding to support the cost of cladding remediation. The tax was first announced in February and now up for review are the proposed features of the tax.
Despite the number of projects started still being below that of pre-covid levels, data shows that the industry is gradually recovering. Interestingly, the strongest growth is coming from major, more valuable projects.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
Joelson, the leading London law firm, has successfully advised the sellers of Pet Microchip Services Ltd (PMS) on its sale to Identi.
Joelson has advised the company and management of Addison Lee on its acquisition by ComfortDelGro, a leading multi-modal mobility operator.
