THE EXCEPTIONAL AND THE EVERYDAY IN REAL ESTATE...
Whether you think the Real Estate Sector has turned a corner to face fresh and potentially exciting new demands or is just in the midst of an agonising 15 point turn – it is clear that there is plenty of activity.
It’s not the same activity as a year ago i.e policy, strategy and operations revamp instead of quite so many transactions but the groundwork is being set for a sector which is remodelling and refocusing – here are some highlights that AG have seen.
Student Accommodation Survey
Think you know what students want from their accommodation?
Addleshaw Goddard is conducting a study to find out exactly that. Whether you are an investor, developer, landlord or funder, this will data will give you a good insight into what real students think!
As part of our ‘‘Living” campaign, we are holding a series of virtual ‘think tank’ events with groups of forward-thinking people to share valuable insight and answers to business-critical questions. The events include:
- The Money That Is Driving The Living Sector: Outlooks Near And Far For Equity And Debt - 13th and 14th October 2020 at 8:30 am - 9:30 am
- A New Future For Housing: ReImagining The Housing Life Cycle - 8th December 2020
- Re-Aligning Incentives for Affordable Housing: Progress through Uncertainty 20th January 2021
Deal Of The Month
The major regeneration plan to transform Guy’s and St Thomas’ estate, opposite the House of Parliament, is the first in a series of projects intended to be carried out by the Trust to substantially modernise its estate. Below are 3 things you need to know about the regeneration scheme:
- A unique situation that saw a complex development and lease agreement restructured as a land sale – something which is rarely done.
- Our solution helped secure our client the premises they required and control the loss of usual rights for a long lease pre-let.
- The deal allowed Guy’s and St Thomas’ Charity to keep our client on board as the tenant, sustaining the expected value and performance dynamics, and honouring the selection of their preferred joint development partners.
Did COVID-19 Kill Communal Living?
Find out what key decision-makers in the sector think:
- The BTR industry is now putting much more emphasis on the concept of “community”.
- The impact of COVID-19 has accelerated emerging changes to the BTR schemes both in respect of the use of space and tenant mix.
- COVID has not killed communal living; a sense of community has triumphed over COVID.
Keep Track Of Your In-House Matter Workload
Whilst working remotely, would you…
- ... value an ‘at a glance’ view of all the projects your teams are working which are in legal?
- … like an immediate view of which areas of your business are generating the most work?
- … value a quick breakdown of litigious versus contractual versus advisory matters?
The easy-to-use “legal front door” will help. It provides in-house teams with an immediate overview of your teams’ matter workload. Available for a free, three-month trial, with no nasty surprises.
The Planning Reform Rubik’s Cube
As part of the English planning system reform agenda, the most far-reaching shake up of the use classes order in England for 20 years comes into force on 1st September.
What does this mean?
- Use classes A1 (Shops), A2 (Financial and professional services), Class A3 (Restaurants and cafes), and Class B1 (Business) are to be treated as falling within the new Class E (Commercial, business, and services).
- The change has implications beyond Planning, with fundamental implications for property documentation negotiated on behalf of both landlords and tenants.