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Travers Smith has advised Equisoft Inc. on the sale of Altus Consulting, its UK insurance, investments and financial services advisory services business, to Accenture.
Travers Smith LLP has advised Crossbay on its latest UK acquisition of the 65,000 sq ft single-let warehouse from abrdn, taking its UK portfolio to over 1m sq ft.
The Building Safety Act 2022 ('BSA') gives the Government the power to impose a building safety levy on all new residential buildings in England (the 'Levy').
Travers Smith is currently advising two healthcare REITs - Care REIT plc and Assura plc - on their public takeovers by US bidders, further highlighting the recent theme of consolidation in the London REIT market.
The Commonhold White Paper was published today, 3 March 2025. It contains the Government's proposals for legislating that all new flats, subject to certain unspecified exemptions, will be offered for sale under the commonhold model instead of the current leasehold model.
Travers Smith LLP has advised Invesco Real Estate, a global real estate investment manager, on the formation of Space Industrial, a joint venture established together with Marchmont Investment Management to build a £500m multi-let industrial portfolio in the UK.
On 7 February 2025, the Government published an open consultation entitled "Improving the energy performance of privately rented homes: 2025 update" (the "Third Consultation"). The Government proposes to raise the minimum energy efficiency standard required of privately rented homes in England and Wales to the equivalent of Energy Performance Certificate ("EPC") C by 2030, and this consultation follows on from the previous government's 2020 consultation (the "First Consultation").
PFI deals have recently been in the news, with headlines about disputes between public sector customers and private sector owners and operators as contracts near their expiry date. We look at the issues around PFI expiry and the risks and opportunities this presents for private sector involvement in this area.
Travers Smith LLP has advised Ashby Capital on the sale of its UK retail park portfolio to Realty Income Corporation.
The much-anticipated updated version of the National Planning Policy Framework ("NPPF") was published on 12 December 2024, following a period of industry-wide consultation. The NPPF sets out the Government's high level, national planning policies and carries particular importance as a 'material consideration' which local planning authorities ("LPAs") must take into account when deciding planning applications.
Travers Smith LLP has advised Greystar on its successful acquisition of two purpose-built student accommodation (PBSA) assets from "The Neighbourhood".
In difficult economic times, company boards (both public and private) are under increasing pressure to demonstrably deliver maximum value for shareholders. One method of unlocking hidden value, particularly in larger corporate groups, is by undertaking a 'carve-out' transaction and creating a win/win for Buyer and Seller.
The Labour Party's manifesto for the 2024 General Election contained an emphasis on the reform of the planning system, with a view to "unlocking" it to promote growth and development. Notably, one of the Government's key commitments was to update the National Planning Policy Framework ("NPPF") within six months of being elected.
Travers Smith has advised Duni AB (Duni Group), Sweden-headquartered market-leading company in providing sustainable and circular solutions for restaurants, catering, and the food industry, on the acquisition of the UK-based tableware company Poppies Europe Ltd (Poppies). The acquisition is subject to regulatory approval in the UK and customary closing conditions, and is expected to be completed in the first half of 2025.
Earlier this month, local authorities in England were granted a new power to help them reinvigorate their local towns: they can now hold rental auctions to arrange lettings of vacant high street and town centre properties. In this briefing, we answer 10 frequently asked questions about the new regime from the perspective of a landlord.
An Energy Performance Certificate ("EPC") is a certificate, issued by an energy assessor, which shows information about the energy efficiency of the property to which it relates. It is a multi-functional tool: on a practical level, it helps owners and investors to understand and improve the energy performance of their own properties, and can give prospective buyers and tenants an insight into their likely energy costs.
The Older People’s Housing Taskforce published their long-awaited report entitled 'Our Future Homes: Housing that promotes wellbeing and community for an ageing population' on 26 November 2024. Its intention is to explore how best to support people to live well and longer in an age-friendly home and neighbourhood of their choice.
The Terrorism (Protection of Premises) Bill, also known as Martyn's Law in honour of Martyn Hett who died in the 2017 Manchester Arena attack, will when enacted improve the UK's security by obliging those responsible for certain premises and events to plan how they would respond to a terrorist attack in or near to their property. Persons responsible for larger premises and events must also take steps to reduce the property's vulnerability to terrorist attacks.