16 December 2013

Forsters acts on purchase on the Harlequin Building SE1

Forsters has advised HIFML UK Property Fund managed by Scottish Widows Investment Partnership (SWIP Real Estate) on the acquisition of the newly developed Harlequin Building, 65 Southwark Street, London SE1 from Rockspring UK Value Fund for £40 million in a deal which was conducted off-market in only 7 days. 

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4 December 2013

Forsters acts on acquisition of Kings Court, Leeds

Forsters has advised a private overseas investor on the acquisition of landmark city centre office investment, Kings Court in Leeds.

The 47,000 sq ft property is let in its entirety to law firm Walker Morris LLP, who have occupied the building since its development in 1989, with an annual rental income of £891,000.

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6 November 2013

Forsters advise Benson Elliot on acquisition of Quedam Centre, Yeovil

Forsters advise Benson Elliot on acquisition of Quedam Centre, Yeovil

Forsters has advised new client, UK-based private equity real estate fund manager, Benson Elliot Capital Management LLP on the acquisition of the Quedam Shopping Centre in Yeovil, Somerset from UBS Global Asset Management.

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1 October 2013

Rockspring complete sale of Stanza building

Forsters has advised a fund managed by Rockspring Property Investment Managers on the sale of Grade A office building, the Stanza Building in Uxbridge, to NFU Mutual Insurance Society for £43.075 million. 

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19 September 2013

Forsters acts on acquisition of One Fleet Place

Forsters has advised a new client, leading Far East multinational Takenaka Corporation and its group companies, on the £112.5 million acquisition of the long leasehold title to One Fleet Place in the City of London, EC4 from LondonMetric.

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15 August 2013

Forsters walks all over cancer in Shine Walk

Forsters, one of London's leading Private client and real estate law firms, has decided to 'walk all over cancer' by participating in the Shine Night Time marathon walk, in support of Cancer Research UK on Saturday 28 September 2013.

Forsters Family Law Team and colleagues from other departments have volunteered to show their support for this worthy cause.

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22 July 2013

Forsters advises on forward funding of hotel and retail development

Forsters has acted for Retail Plus Property Trust, managed by Rockspring Property Investment Managers LLP, on the £14.35 million forward funding of a new hotel and retail development on St Peters Street in the heart of St Albans to Lancashire County Council Pension Fund as clients of Knight Frank Investment Managers.

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19 July 2013

The First-tier Tribunal (Property Chamber) 1 July 2013

On 1 July 2013, the Leasehold Valuation Tribunal (LVT) in England became a 'First-tier Tribunal (Property Chamber)'. The aim is to bring the LVT more in line with other tribunals and courts in a newly unified system. The new rules should have a significant impact.

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17 July 2013

Chambers UK Directory: Forsters increase list of leaders in 2014 edition

In the forthcoming Chambers UK Directory 2014 edition, 22 Forsters lawyers have been selected to appear as leaders in their respective fields. Since 1989, Chambers has been researching the UK legal profession and identifying the leading lawyers and law firms through interviews with thousands of lawyers and their clients.

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4 July 2013

Forsters advise LXB on £100 million Greenwich sales and development funding

Forsters has advised LXB Retail Properties in relation to various transactions which will divest the AIM listed company of the majority of its property interests in the Royal Borough of Greenwich. 
Since its IPO in 2009, LXB has made a number of investments in existing retail assets and development sites in the Greenwich area as part of a major retail redevelopment scheme. 

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21 June 2013

The Court of Appeal considers development value

Cravecrest Ltd v Trustees of the Will of the Second Duke of Westminster and Vowden Investments Limited [2013] EWCA Civ 731

On the 19 June the Court of Appeal gave judgment on an appeal bought by the tenants of a block in Wilton Crescent, London regarding development value.

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20 June 2013

AlloyMtd Group acquire One Crown Place from UBS

AlloyMtd Group, a leading Asian infrastructure conglomerate headquartered in Kuala Lumpur, has today announced that it has completed on the purchase of the strategic and landmark freehold of UBS’s development site at One Crown Place, London, EC2, located in Central London.

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12 June 2013

Supreme Court ruling: Petrodel v Prest [2013] UK SC 34

The Supreme Court has found in favour of Mrs Prest, with the size of her award at £17.5m remaining unchanged. What is of particular interest in this case, is the interplay of family and corporate law, and the remarks made in the Court of Appeal that the family court could not run by its own set of rules, but must be consistent with other divisions of the High Court.

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30 May 2013

Forsters advise on Vauxhall forward funding

Forsters has advised HIFML UK Property Fund managed by (SWIP) Scottish Widows Investment Partnership in relation to the £17.5 million funding of a hotel and retail development in a prime site located next to South London transport hub, Vauxhall Station Interchange. The developer was Salmon Harvester Properties, a joint venture between Salmon Developments and NFU Mutual. 

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18 April 2013

Forsters acts for tenants in complex case relating to "serviced apartments" and qualification under the enfranchisement legislation

David Smith and Jonathan Dennis v Jafton Properties Ltd [2013]

The decision related to a block in Clerkenwell that was converted a number of years ago into loft style apartments. Two of the flats were let to Mr Smith and two to Mr Dennis. At the date of the claim the apartments were being sub-let to a company that used them as “serviced apartments” .

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15 April 2013

Jonathan Ross shortlisted for "The Chambers 100"

Jonathan Ross, Forsters head of property litigation, has been shortlisted for the new Chambers 100, “a ranking of the UK's top 100 business lawyers, the crème de la crème – ranked according to their legal capability and the service they provide to their clients” The shortlist of nominees for the 100 is drawn from all the main commercial areas of practi

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3 April 2013

Forsters has proudly collaborated with Durham Law School to establish the Forsters Prize in Land Law

Durham Law School has announced the introduction of a new examination prize to their existing prizes and scholarships portfolio. The Forsters Prize in Land Law is an annual examination prize established by Forsters LLP. Under the terms of the prize, the top three students based on exam performance will receive financial prizes of £1,200 (1st place), £600 (2nd place) and £200 (3rd place).

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6 March 2013

Supreme Court's judgment in Daejan Investments Ltd is good news for landlords

The Supreme Court has today handed down its decision in the case of Daejan Investments Ltd v Benson & Others [2013]. The Court has overruled the decisions of the LVT, the Upper Tribunal and the Court of Appeal by granting Daejan Investments Ltd, the landlord, dispensation from the consultation requirements under Section 20 of the LTA 1985.

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4 March 2013

Forsters acts on letting at new King's Cross development

Forsters has advised Hoare Lea in relation to the completion of a lease of part of the Western Transit Shed. Hoare Lea are the first commercial occupier to move into the 67 acre King's Cross development scheme.  The building features a brand new N1C postcode. 

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27 February 2013

Forsters lawyers stand out in Citywealth Leaders List

Eighteen Forsters lawyers have been selected by Citywealth as leaders in their field.  The 2013 list has just been published and those included are named below. Two additional Forsters lawyers have been named this year as leaders; Laura Brown and Xavier Nicholas. This represents an outstanding achievement, both for all the individual lawyers who are named and for the firm as a whole.

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27 February 2013

Forsters wins Ministry of Sound instruction

Forsters has recently won an instruction from the iconic world leading"home of dance music and the world's best nightclub" Ministry of Sound in relation to the proposed development of a 41-storey residential tower block directly opposite the club.

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