<p>Filter Knowledge</p>

In February, the Government announced a package of measures intended to resolve the problem of unsafe cladding on high-rise residential buildings.  

This series of bitesize videos will be a chance to hear from various members of the Real Estate team on need-to-know updates and topical issues in the sector.

Travers Smith LLP has advised Clearbell Property Partners III LP (Clearbell), a fund managed by long-term client Clearbell Capital LLP on the sale of a 116,000 sq ft warehouse site at Thatcham Park, Berkshire to NFU Mutual Insurance Society Limited for £24.95 million.

The government is consulting on the design of a new tax, on residential property developers to help fund the removal of unsafe cladding following the Grenfell Tower fire tragedy. The idea is to raise at least £2bn over a decade.

Travers Smith LLP has advised longstanding client Kester Capital and other selling shareholders on the sale of the Frontier Medical Group to Agilitas Private Equity.

This series of bitesize videos will be a chance to hear from various members of the Real Estate team on need-to-know updates and topical issues in the sector.

This series of bitesize videos will be a chance to hear from various members of the Real Estate team on need-to-know updates and topical issues in the sector.

Travers Smith LLP has advised McCarthy Stone, the UK's leading developer and manager of retirement communities, on its agreement to secure approximately £200 million of total financing for the development of its retirement living rental portfolio.

The Leasehold Reform (Ground Rent) Bill 2021 will prevent landlords in England and Wales from charging ground rents in new leases of residential properties. This is intended to protect tenants from unfair charges, but presents a particular problem in the context of retirement housing.

Travers Smith LLP has advised PLATFORM_ on its joint venture (JV) with Northwood Investors to develop and operate BTR assets across regional centres in the United Kingdom. 

Since 6 April 2016, unlisted UK companies and LLPs have been required to identify individuals who have significant interests in their shares, and publicly disclose their details in a "PSC Register". The Government has been taking steps since then to introduce greater transparency into the ownership of land, such as increasing the remit of 5AMLD to oblige a much wider range of trusts to register with HMRC's Trusts Registration Service, drafting legislation to introduce a register of overseas entities that own land and consulting on a register of contractual arrangements used to exercise control over the buying or selling of land. 

Travers Smith LLP has advised Xoserve on the restructuring of its operations and carve-out of new subsidiary Correla, as well as the subsequent sale of Correla to private equity firm NorthEdge.

Travers Smith LLP has advised Xoserve on the restructuring of its operations and carve-out of new subsidiary Correla, as well as the subsequent sale of Correla to private equity firm NorthEdge.

Travers Smith LLP has advised AshbyCapital (Ashby), a real estate investment advisor, on the refinancing of a debt facility provided by Deutsche Hypo, secured over Morfa Shopping Park (Morfa).

Travers Smith LLP has advised Clearbell Property Partners III LP (Clearbell), a fund managed by long-term client Clearbell Capital LLP on the acquisition of 85 Gray's Inn Road, a 28,000 sq. ft office building set across five floors in London Midtown.

Although making predictions is fraught with danger at the best of times - let alone during a global pandemic – here are three property-related tax announcements we would not be surprised to hear on 3 March.   

In the face of mounting pressure, the government, on 10 February, announced a 5 point plan for investment in building safety, with a further £3.5 billion earmarked for the removal of unsafe cladding.