In this article we take a look back at what has been crossing our desks in 2024 from a real estate perspective and do a bit of crystal-balling on what opportunities and challenges 2025 might bring.
Building Safety Act 2022 (“BSA”)
The standout case for us was Triathlon Homes LLP v Stratford Village Development Partnership
Introduction
Part X of the Levelling Up and Regeneration Act 2023 (the “Act”) introduced what the Conservative government hoped would provide a solution to all the boarded up shops, cafes and pubs on high streets across the country. It gave a permissive power to the relevant local authority to require vacant properties to be let
The recent High Court decision in the Cineworld restructuring plans case [2024] EWHC 2475 (Ch) again illustrates how even the most pro-active landlords cannot insulate themselves from the effects of a statutory restructuring scheme under Part 26A of the Companies Act 2006, despite determined and novel tactics by the two landlords, the Crown Estate
In the recent case of Bijlani v Medical Express (London) Ltd [2024] EWHC 2246 (KB), the High Court illustrated again that a landlord’s right to forfeit a lease is only a form of security for the tenant’s continuing performance of its obligations under its lease. If the landlord is not prejudiced by breach of a
Readers may remember our rather gloomy blog on Mr. Gove’s Renters’ Reform Bill. Our view then was that landlords didn’t need to panic – yet. Unfortunately, with the Renters’ Rights Bill, it may be time for landlords to start feeling distinctly anxious. The headline change in the Renters’ Reform Bill was to abolish so-called
The King’s Speech 2024, delivered on 17 July 2024, outlined the new UK Government’s legislative agenda for the next session of Parliament. The new MPs will be busy, with close to 40 separate bills slated for debate.
With regard to real estate, especially with the private rented sector, there is a distinct feeling of
The major political parties have all now launched their manifestos, with few surprises. In the table below, we compare and contrast the policies set out in the Conservative, Labour, Liberal Democrats and Green Party manifestos insofar as they might impact on the real estate sector.
Background
This case involved a dispute between McDonald’s Restaurants Limited (“McDonald’s”), the former tenant of part of the old County Hall building in London (the “Premises”), and Shirayama Shokusan Company Limited (“Shirayama”), the landlord of the Premises. McDonald’s had a protected lease of the Premises (i.e. benefitting from security of tenure under the Landlord and
As the rain streamed down, Rishi Sunak stood outside Downing Street and announced that Parliament will be dissolved on 30 May 2024 ahead of the General Election on 4 July. However, no parliamentary business can be carried out after 24 May when Parliament is prorogued (suspended).
Background
The decision of the First-Tier Tribunal (the “Tribunal”) in Triathlon Homes LLP v Stratford Village Development Partnership and others [2024] provides the first indication of how the Tribunal will consider applications for remediation contribution orders (“RCOs”) made against a developer and its ultimate parent company.
The Facts
Stratford Village Development Partnership (“SVDP”) developed buildings
