REIT Step for British Land UK's largest property manager has increased profit by £200m, 12%, and paid off £1.6b debt, result of benefits of converting to Real Estate Investment Trust (REIT) 13.02.07 BBC, REIT, UK Tax
Cost to Get It REIT British Land, Land Securities are to pay Treasury 2% of their capital value as cost of converting to real estate investment trusts (REITs), will make them exempt from capital gains tax and corporation tax 03.01.07 Guardian, Capital Gains Tax, Company Tax, REIT, UK Tax
Levy on Planning Gains Commons communities and local government committee gives qualified approval to planning gain supplement, charge to developers for some of the 'uplift' to value of property following grant of full planning permission 07.11.06 ePolitix, Environment Law, Planning Law, Property Law
No REITs for AIM Finance Bill excludes Alternative Investment Market from Real Estate Investment Trusts, officials argue market is not sufficiently regulated, but AIM has over 70 property firms listed 22.05.06 Telegraph, Budget 2006, Capital Markets, Property Law, REIT
No REITs for AIM Finance Bill excludes Alternative Investment Market from Real Estate Investment Trusts, officials argue market is not sufficiently regulated, but AIM has over 70 property firms listed 22.05.06 Telegraph, Budget 2006, Capital Markets, Property Law
Tesco Inquiry MPs call for wider inquiry into impact of supermarkets as OFT says its report will focus on planning regime, property issues Telegraph Leahy defends Tesco success, says it is highly competitive sector, most consumers have choice of three supermarkets 25.04.06 BBC, Competition Law, Supermarkets
Use of Surplus Service Charge If a lease does not contain a provision for the return of service charge monies unexpended at the end of the term, it does not follow that those monies belong to the landlord 10.04.07 Law Now, Landlord and Tenant
New Code for Commercial Leases The new Code of Practice for Commercial Leases was released yesterday, drawn up by the RICS and other representatives of landlords, tenants and govt, terminology is more strenuous than in the past, much shorter than predecessor and accompanied by a Guide for Occupiers Law Now Housing and planning minister Cooper says govt prepared to legislate to end upward-only commercial leases 29.03.07 Property Week, Landlord and Tenant
Keep Open Covenants A keep open covenant requires a tenant to actively trade for the duration of its lease, but what is the landlord's remedy if the tenant ceases to trade? In other words, do keep open covenants really work? 24.03.07 Law Now, Retail Law
Reform of Landlord and Tenant Act The Department for Communities and Local Government has published a consultation paper on repealing Section 57 of the Landlord and Tenant Act, allows public bodies to regain possession of premises required for their own purposes, proposed that a new ground of opposition be added to section 30 03.03.07 Law Now, Landlord and Tenant, Local Authority Law
Service Charge in Mixed Use Building Where a landlord imposes a service charge on a mixed-use building it is open to challenge from an individual residential tenant if it does not follow the more stringent procedures relating to residential tenancies 14.01.07 Law Now, Landlord and Tenant, Property Law
Adjusting Property for Disability There has been some bewilderment as to the impact that the Disability Discrimination may have on owners and occupiers, landlords have been concerned that they will have to alter premises to accommodate tenants with disabilities, recent case has shown that the Act may not be as draconian as first feared 14.01.07 Law Now, Disability Rights, Equality, Landlord and Tenant, Property Law
Ensuring Reinsurance Claims Most insurers would tend to assume that provided inwards settlements are reasonable they will be able to recover such settlements from their reinsurers, Faraday v Copenhagen Re is a reminder to check carefully the wording of the reinsurance contracts before making such an assumption 14.11.06 Law Now, Insurance, Litigation, Property Law
CVA in Powerhouse Case A recent challenge by landlords to the terms of Company Voluntary Arrangements (CVA) has been making headlines in the property press, it serves as a useful reminder to consider your position if you are given notice of a CVA 25.06.06 Law Now, Insolvency, Voluntary Arrangements
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Low & Bonar + Colbond Freshfields Bruckhaus Deringer is advising Low & Bonar, the specialist materials group, on the proposed acquisition of Colbond Investments, an international producer of synthetic textiles for the flooring, grass and civil engineering markets 09.07.06 Freshfields Bruckhaus Deringer, Capital Markets
Heart of Glass Developers behind 'shard of glass' skyscraper at London Bridge are entangled in legal proceedings over shares in project, Simon Halabi claims his share 'wrongfully reduced', Sellar Property Group and CLS counterclaim 'fraudulent misrepresentation' 15.11.05 Times, Environment Law Links
