Marcus Francis, head of commercial property at FSP, has recently acted for Whistl UK Limited (the second largest postal operator in the UK) on their lease of a 225,000 square foot distribution warehouse in Bolton.
If your company is spending more than £1m annually on construction operations, it is likely that a withholding tax scheme operated by HMRC will apply to the payments you make. Non-compliance can involve severe penalties. This guide provides an overview of the scheme.
Needless to say, a construction project depends for its success on the contractor performing its obligations under the construction contract. This guide gives an overview of the methods used by developers to protect themselves against default by a contractor.
Collateral warranties are now firmly embedded as a feature of construction projects, particularly those requiring development finance, but what is a collateral warranty, why do they exist and are they really necessary?