Sustainable lending in real estate finance

As part of the ever-so-topical environment, social and governance (ESG) agenda, sustainability is becoming a real theme for investors in, and developers of, real estate assets. Sustainability-linked loans and green loans are two of the developing trends that we are seeing in the real estate finance market. In this podcast (hosted by Emily Barry of … Read more

Upcoming building safety deadlines – RPDT consultation and Planning Gateway One

Back in April, we wrote about a consultation on a new proposed tax on residential property developers, the Residential Property Developer Tax (RPDT). This consultation closes on 22 July 2021, so there is still time to respond. Developers of certain types of high-rise residential buildings (including educational accommodation) also need to be aware of the … Read more

Article 4 Directions – the bar has been raised, but what will be the effect?

Postscript, 12 July 2021. You may have heard that the Mayor of London has published Strategic evidence to support Article 4 Directions, to help LPAs in London wishing to impose commercial to residential Article 4 Directions within the new policy environment. This has been drawn up by the Mayor taking into account the Written Ministerial … Read more

Covid-19 update: restrictions on enforcement extended

At the eleventh hour, and despite previously declaring that it was the final extension, the UK Government has today announced that the current restrictions on landlords being able to forfeit commercial leases for non-payment of rent (which protection was due to expire on 30 June 2021) has now been extended until 25 March 2022. Read more

The professional indemnity insurance crisis: not just a supply chain issue

In March 2021, the Construction Leadership Council published its findings of a recent pan-industry survey of over 1,000 firms, which confirmed a widespread problem experienced by many construction and architecture firms in obtaining professional indemnity insurance (PII) cover.[1] The survey found that companies were being prevented from taking on projects, and even having to change … Read more

Webinar – acting for interested parties and interveners in judicial review

On 21 June 2021 from 1.00 – 2.15pm, Francis Taylor Building, in conjunction with Herbert Smith Freehills’ Public Law Team, is hosting a webinar which will cover how best to represent interested parties and interveners in judicial reviews and similar statutory challenges in the Administrative Court and the Planning Court. The webinar will cover both … Read more

Leasehold Reform: Goodbye to Ground Rents?

Introduction The 2021 Queen’s Speech signalled the start of the UK Government’s anticipated plans to change the system of leasehold residential ownership: “Laws to modernise the planning system, so that more homes can be built, will be brought forward, along with measures to end the practice of ground rents for new leasehold properties.” On 13 … Read more

Focus on large buildings in reaching net-zero target

Tackling emissions from buildings is an essential part of the Government’s drive towards its target of net-zero greenhouse gas emissions by 2050.  In our blog of 9 April 2021, we examined the proposals under consultation by the Government to bring commercial buildings up to an EPC B rating by 2030.  A complementary consultation was launched … Read more