Modification of restrictive covenant unlocks land for development

Michael Higgin considers a recent decision of the Upper Tribunal to modify a restrictive covenant under a rarely successful statutory ground.

FSP has just completed the sale of Unither House in Chertsey for United Therapeutics who develop and produce treatments for patients with chronic and life-threatening conditions.

FSP have just acquired new offices for professional services firm BDO in 12th floor of the newly extended Thames Tower in Reading.  

Santander Corporate and Commercial Division have provided a new £7.4m facility to fund the complete refurbishment of legacy RAF buildings on their globally-important science park.

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.

The process to appeal Business Rates assessments in England is being overhauled in 2017 to coincide with the 2017 Rating Revaluation. Anna Zatouroff, a senior associate in our Commercial Property team, outlines the new system.

Anna Zatouroff from our Commercial Property Team considers the Government’s recent victory over two local councils in the battle over affordable housing levies.

Lauren Walker from our Real Estate Team looks at the latest changes to the rates of Stamp Duty Land Tax (SDLT) for commercial and non-residential properties.

Vicky McDonald and Michael Higgin from our Commercial Property Team take a look at what choices landowners have when considering how their land could be used for development.

The Charities (Protection and Social Investment) Act 2016 enshrines the power for charities to make social investments. Anna Zatouroff explains how charities can enter into social investments.

Lauren Walker in our Real Estate team looks at the Government’s decision to introduce a permanent permitted development right for change of use from offices to residential properties. 

Car park managers and landlords breathe a sigh of relief following a decision of the Supreme Court.  Michael Higgin explains.