Anyone looking out of their office window in central London will see that the development market is back. From our offices in Holborn, we have been able to see (and feel!) the works going on at the new Goldman Sachs headquarters on Farringdon Road, AXA Real Estate’s 12 storey scheme at Holborn Viaduct now occupied by Amazon, and the impressive Crossrail project at Farringdon, to name a few. But the upturn in the development market bring with it an increased likelihood of disputes
Yesterday, we hosted a seminar covering some key issues facing today’s developers. The panel, made up of speakers from our Real Estate Disputes team, and their hot topics up for discussion were:
Obtaining vacant possession – Paul Tonkin (Senior Associate) Collective enfranchisement of residential or mixed use properties – Tim Reid (Senior Associate) Residential tenant’s rights of first refusal – Edward John (Senior Associate) Rights to light and the impact of Coventry v Lawrence – Dellah Gilbert (Of Counsel)
Mathew Ditchburn, partner, assumed the role of MC for the event which was attended by over 120 people, including developers, fund managers, agents and investors from across the industry.
As always, the important message for developers is to start your planning early and to plan for the worst, as there are many pitfalls that can turn a successful development project into a series of delays and costly court actions.
For more information on development disputes, and how to avoid them, check out our article in Estates Gazette.