Real estate newsletter – summer 2023
Real estate newsletter – summer 2023
Welcome to the summer edition of Hill Dickinson’s real estate newsletter, which we hope you will find of interest.
We discuss past, present and future legislative changes, including the recent extension of the MEES energy efficiency scheme to existing commercial leases, the ongoing roll-out of the hugely significant Building Safety Act, and the introduction of the long-promised Renters’ (Reform) Bill.
On the subject of the Building Safety Act, if you own or manage an existing, occupied residential or mixed-use building that is at least 18m or 7 storeys tall, you need to register it before 1 October 2023 on the new register of higher-risk buildings. Click here to read a summary of the requirements that our Construction colleagues have published on LinkedIn.
This edition also features our latest contribution to leading real estate journal Estates Gazette, concerning the thorny issue of rentcharges. Regular readers of EG will have noticed that we are also now writing a quarterly horizon-scanning column, the latest of which was included in the 24 June edition.
Last (but by no means least) we include an introduction to DBOTs, while our healthcare real estate team provides some specialist advice for life sciences companies and NHS bodies.
We also share some exciting news concerning the Hill Dickinson real estate team.
If you have any queries relating to the issues raised in this newsletter, please contact the relevant author, or your usual Hill Dickinson contact.
The Minimum Energy Efficiency Standard (MEES) is about to be extended to existing commercial leases...
The Principal Accountable Person (where there is there is more than one Accountable Person) must also prepare a Safety Case Report for the Higher-Risk Building evidencing...
The Renters' (Reform) Bill (the Bill) was introduced to Parliament on 17 May and it aims to transform the rental housing landscape in England.
The Bill sets itself the goal of “providing safer, fairer, and higher-quality homes” for the roughly 11 million tenants currently renting across the country. The Government hopes that this “once-in-a-generation overhaul” of housing laws brings several significant, positive changes...
A rent-like sum payable out of freehold property may sound like a contradiction, but that is exactly what a rentcharge is. Rachael Allen provides an overview of this frequently misunderstood and potentially dangerous form of property interest.
Design-Build-Operate-Transfer agreements (DBOTs) are popular in the United Kingdom for large and medium scale development projects. Whereas DBOTs are often associated with public/private partnerships (often referred to as PPPs), this article will focus on...
On 25th May, the Chancellor reported that the Life Sciences sector employs over 280,000 people and contributes £94 billion to the UK economy. He also unveiled...
Without the physical space from which to deliver services, the ideal of integration that Provider Collaboratives are tasked (amongst others) with achieving, remains a concept. Not only this, but buildings are one of the most significant liabilities within the healthcare system and one of the most important elements of the NHS achieving NetZero by 2045, so why is real estate so often the elephant in the room when it comes to discussing the integration of services...
Hill Dickinson real estate team news
Hill Dickinson announces head of health real estate
Leading health law firm Hill Dickinson has announced the hire of real estate partner James Atkins, who joins the firm’s Leeds office as its national head of health real estate. Read more…
Real Estate Finance partner Debra Cooper joins Hill Dickinson
Commercial law firm Hill Dickinson has bolstered its national banking team with the lateral hire of banking and finance partner Debra Cooper. Read more…
Hill Dickinson obtains ring-fenced arrears relief for casino business
Law firm Hill Dickinson has achieved one of the largest covid arbitration awards made in favour of a tenant under legislation introduced to tackle commercial rent arrears that arose during the covid period. Read more…
Hill Dickinson advises Legacie Developments on £60m loan for the redevelopment of Heaps Rice Mill
Law firm Hill Dickinson has advised Liverpool-based property developer Legacie Developments on a £60 million loan to fund a £140 million transformation of the former Heaps Rice Mill in Liverpool’s Baltic Triangle district. Read more…
Hill Dickinson advises Oblix Living on £15m loan for former HMRC building redevelopment in Leicester
Commercial law firm Hill Dickinson has advised national residential rental market developer Oblix Living on a £15.3 million loan from specialist lender United Trust Bank. Read more…
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