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Real Estate


Budget 2016 - Real Estate Sector Impact

George Osborne's Budget contained some shocks on SDLT, generally increasing the amount payable on commercial property worth over £1.05m, but buried in the detail was a welcome announcement on the abolition of the CRC Energy Efficiency Scheme and some cause for concern around the tax deductibility of interest payments and taxation to be applied to offshore property developers.



Break Clause Decision - 3 December 2015

Supreme Court confirms that a term requiring the landlord to repay rent for a period after a break date will not be implied into a lease. Read our update for more information.



Court of Appeal decision on repeat guarantees

The Court of Appeal in Tindall Cobham 1 Ltd v Adda Hotels has considered the effect of a lease provision requiring a repeat guarantee as a condition of landlord's consent on intra-group assignment. The Court decided in the landlord's favour, striking out the relevant condition whilst leaving the requirement for landlord's consent (not to be unreasonably withheld or delayed) effective.



M&S v BNP Paribas case update - May 2014

The Court of Appeal in M&S v BNP Paribas has closed the door to tenants which have successfully operated break clauses and wish to claim back rent paid for a period post the break date.



Related expertise

Key contacts

Leona Ahmed, Real Estate Divisional Managing Partner

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Adrian Collins, Partner

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Peter Kershaw, Partner

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Our 30 partner, more than 100 associate strong real estate practice represents a formidable power-house in the UK

We act for some of the foremost institutional investors, banks, developers and retailers including Standard Life, Scottish Widows, Threadneedle, British Land, Peel, Primark and Co-op.

Our team, operating out of London, Leeds and Manchester, as well as Asia and the GCC, has won numerous awards and is ranked highly by independent commentators, as are a number of our leading individual practitioners.

Our skill set includes the increasingly emergent alternative real asset classes (student accommodation, private rented, infrastructure and energy).


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