Enfranchisement claims

Penningtons Manches Cooper has a wealth of expertise in dealing with enfranchisement claims backed by a 30 year track record in this frequently complex field. Our team consists of specialist enfranchisement solicitors drawn from our real estate and property litigation teams who advise both landlords and tenants in London and across the UK.

Experience in the full spectrum of enfranchisement claims

Essentially, there are three categories of claim that leaseholders can bring either to acquire the freehold to their building or to obtain a lease extension. If you live in a house, you should be able to acquire the freehold by virtue of the Leasehold Reform Act 1967. Determining eligibility can be challenging, particularly when dealing with a mixed use building such as a corner shop with residential accommodation above. Matters are now made easier by changes brought in by the Leasehold and Freehold Reform Act 2024 which has increased the threshold for non-residential use to 50%. The freehold can also be acquired under the Landlord and Tenant Act 1987 – either by accepting the freeholder`s offer notice or through an acquisition notice if a previous sale breached that Act .

Rights to acquire the freehold of a block of flats were given to leaseholders through the Leasehold Reform, Housing and Urban Development Act 1993. The larger the block of flats, the more complicated such claims become because flat owners may have leases of varying lengths as well as different motives for purchasing the freehold. These types of claims are called collective enfranchisement claims and will usually require the establishment of a company to act as the nominee purchaser.

Under the 1993 Act, qualifying tenants also have the right to extend their lease by 90 years, paying no further ground rent. If you are thinking of buying a leasehold property which has a short term, then you should always consider whether to extend, particularly if you require a mortgage. The 2024 Act has made it simpler to bring a claim to extend by removing the requirement to wait two years before doing so.

Penningtons Manches Cooper is very experienced and knowledgeable on all fronts.

Chambers UK

Each type of claim has its own challenges, most of which are well known to the team at Penningtons Manches Cooper. Our lawyers have the requisite experience and knowledge to be able to progress the full spectrum of enfranchisement claims and are often able to conduct difficult negotiations without resorting to litigation. Where litigation is required, we can call upon our property litigation experts.

We also have experience in bringing Right to Manage (RTM) claims. Increasingly, we are finding that leaseholders owning their freehold via a company are turning to us for tax advice because lease extensions, unless dealt with properly, can trigger capital gains tax and stamp duty land tax liabilities.

How we help our clients

Enfranchisement and lease extensions on flats and houses

Collective enfranchisement for both freeholders and leaseholders

First-tier Tribunal applications

Right to manage

Right of first refusal

Freehold acquisitions by offshore companies

Standard documentation for leaseholders

Service charges

Breaches of covenants

Expert witness reports

Recent work highlights

Six figure West End claim

Representing a commercial tenant on a prominent Marylebone estate in central London, bringing a £5 million claim to acquire the freehold under the Leasehold Reform Act 1967.

Collective action after negligence

Coordinating and conducting proceedings seeking the collective enfranchisement of a 72 flat block following the replacement of previous lawyers as a result of allegations of professional negligence.

Lease extension for commercial tenant

Advising a commercial tenant holding a headlease in central London and successfully securing an extended lease of a self-contained maisonette within the building.

Leaseback negotiation following collapse

Acting for the landlord in a collective enfranchisement matter which was complicated by the collapse of the leaseholder`s white knight. The situation required negotiating and implementing various leasebacks before reaching a settlement.

RTM rights for separate buildings

Bringing RTM claims for leaseholders on an estate where two separate buildings, rather than one, were identified as there was no ‘link’ between them. We managed two cojoined claims, both initially rejected by an aggressive landlord, and secured RTM rights for each.

Freehold claim through bona vacantia

Acting for a leaseholder in a freehold acquisition claim under the Leasehold Reform Act 1967, complicated by the insolvency of the headlease owner. We dealt with the Duchy of Lancaster under bona vacantia rules after the Crown disclaimed the headlease.

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Construction disputes

At Penningtons Manches Cooper, we drive construction disputes toward the best outcomes for our clients while delivering excellent service. By leveraging our extensive knowledge and experience, we also regularly help clients avoid disputes through understanding their commercial priorities and providing responsive, strategic advice.

Legal advice on construction disputes

Our team of specialist construction disputes lawyers is deeply familiar with construction processes and technology, standard forms of contract and all major dispute resolution forums. We offer insightful advice on issues arising during construction and on how to prevent disputes altogether.

We have a busy adjudication practice, regularly handling disputes over contract formation, payment, variations, delay and completion. Our expertise includes advising on default and termination of construction contracts – both proactively and after the event – particularly in cases involving delay or insolvency.

They are some of the best lawyers I have dealt with. Their opinions and advice are thorough, professional and to the point, and the result was absolutely outstanding.

Chambers UK

Property investors, occupiers and property managers rely on us to guide them through the investigation, remediation and claims processes when defects emerge in completed buildings. Developers, contractors, professionals and insurers also instruct us to manage such claims. We have a strong track record in negotiating agreements for remedial works and securing recoveries in complex, multi-party cases.

Known for our meticulous approach and clarity, we cut straight to the key issues and handle challenging disputes efficiently, consistently achieving strong results for our clients.

We also have specialist expertise in insurance coverage, advising on property, works, professional indemnity, public liability and latent defect insurance policies.

Our work spans multiple jurisdictions. We support clients globally through our international offices and an established network of trusted local contacts, ensuring a seamless service wherever disputes arise.

How we help our clients

Contractual disputes over formation, interpretation and the application of contractual mechanisms

Disputes over interim and final payments and effective use of adjudication

Disputed changes relating to entitlement and value

Delay and disruption issues, including entitlement to additional time, costs and delay damages

Underperformance and termination – from strategies to improve performance to disputed termination

Defect claims, including structural issues, building services, water ingress and fire safety

Insurance

Recent work highlights

Turney contracts for solar parks

Advising on defect warranties and performance guarantees across multiple turney contracts for the delivery of ground-mounted solar parks, including risk allocation, contractor obligations, and long-term performance protections for the client.

Sewerage tunnel target cost dispute

Acting for the lead designer of a major sewerage tunnel project in London in claims against the main contractor regarding disputed changes, project delays and the operation of the target cost mechanism.

Resolution of PFI hospital defects claim

Securing the full release of a global engineering client from a defects claim linked to a PFI hospital which had been valued at in excess of £100 million, following extensive multi-party negotiations.

Oman highway joint venture dispute

Acting for one of the joint venture partners in an ICC arbitration concerning financial contributions and entitlements in relation to a highway project in Oman. We also monitored related LCIA arbitral proceedings involving the employer.

Railway station NEC contract disputes

Representing a developer in connection with significant payment and termination account disputes under an NEC contract for the construction of a new railway station.

Investor claims over building safety

Acting for institutional investors on claims against housebuilders over structural and fire safety issues. We were responsible for negotiating agreements for the remedial works.

Professional indemnity for fire risks

Advising insurer clients on professional indemnity policy coverage for claims against their insured contractors and consultants over fire safety defects on high-rise buildings.

Contractor claim on redevelopment project

Acting for an overseas developer in defending a claim by the main contractor for termination losses arising from a scheme involving the conversion of former corporate headquarters into residential towers.

Multi-party litigation on brickwork failures

Representing an international design consultant and its insurers in high-value, multi-party TCC litigation arising from brickwork defects on a leading UK university’s flagship buildings.

Closure of studios due to asbestos

Acting for the owners of TV and film studios following their closure due to the discovery of asbestos and later RAAC. The claim was adjusted for consequential losses, including by examining the production schedule and investigating alternative facilities.

Technology park termination dispute

Advising the owners of a technology park on a termination dispute and pursuing claims against the project team. We resisted a £70 million loss of profit claim, with the assistance of specialist technology and accountancy experts.

Architect liability over Greek hotels

Representing a US firm of architects in a dispute over payment, project delays and allegations of professional negligence arising during the delivery of a series of hotel developments in Greece.

Professional indemnity for fire risks

Advising insurer clients on professional indemnity policy coverage for claims against their insured contractors and consultants over fire safety defects on high-rise buildings.

Contractor claim on redevelopment project

Acting for an overseas developer in defending a claim by the main contractor for termination losses arising from a scheme involving the conversion of former corporate headquarters into residential towers.

Multi-party litigation on brickwork failures

Representing an international design consultant and its insurers in high-value, multi-party TCC litigation arising from brickwork defects on a leading UK university’s flagship buildings.

Closure of studios due to asbestos

Acting for the owners of TV and film studios following their closure due to the discovery of asbestos and later RAAC. The claim was adjusted for consequential losses, including by examining the production schedule and investigating alternative facilities.

Technology park termination dispute

Advising the owners of a technology park on a termination dispute and pursuing claims against the project team. We resisted a £70 million loss of profit claim, with the assistance of specialist technology and accountancy experts.

Architect liability over Greek hotels

Representing a US firm of architects in a dispute over payment, project delays and allegations of professional negligence arising during the delivery of a series of hotel developments in Greece.

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Projects, development and construction

Our projects, development and construction team is recommended for its in-depth industry knowledge and comprehensive range of legal services. We work closely with clients from the earliest stages to shape effective procurement and contracting strategies, delivering high-quality results while maintaining strong relationships with clients and all members of the project team.

Legal expertise across the construction lifecycle

We advise on, negotiate and draft the full spectrum of construction and development documentation, ensuring that contractual arrangements are robust, clear and aligned with our clients’ commercial objectives and any funding requirements. Throughout a project, we provide strategic legal support, including advice on issues arising during and after construction, often in collaboration with our planning, tax, real estate and disputes colleagues.

Our team works across all sectors and has a particular reputation in the accommodation, housing, residential development, health, education, commercial and investor sectors. We support renewable energy and sustainability initiatives and have a proven track record in council-led delivery and joint ventures. We also bring significant expertise in building safety and firestopping. Additionally, we have a dedicated care and supported living offering and recent experience of care village delivery.

We advise on one-off procurements through to major projects, large-scale developments, complex regeneration schemes and joint ventures. Our pragmatic approach helps clients allocate risk appropriately and tailor contracts to protect-specific needs. This is often achieved through standard form contracts – such as those under the NEC and JCT suites – or through bespoke arrangements, including EPC, EPCM, MF1 and/or multi-party partnering agreements.

At every stage of delivery, we assist with the operational challenges that occur, including on variations, time and cost applications, issues around practical completion and on defects. Our expertise extends to advising on complex insolvency and restructuring scenarios, termination and enforcement of security. Where problems arise, we also assist with strategies to mitigate disruption, facilitate project completion, and recover distressed assets, ensuring that clients are well-positioned to navigate project changes.

Penningtons Manches Cooper understands our business, is knowledgeable, practical and always able to advise us in terms of the best approach to take.

Chambers UK

Sustainability and decarbonisation are central to our practice. We advise on sustainable procurement strategies, carbon reduction measures and the integration of measurable environmental KPIs. Our experience includes renewable energy initiatives such as waste to energy, solar schemes, micro grids and centralised heat networks, addressing the legal challenges associated with new technologies, wider infrastructure integration and embodied carbon.

How we help our clients

Procurement and contracting strategies, including contract tendering

Advice on JCT, NEC and FIDIC building and engineering contracts, subcontracts, and recommended amendments

Management contracting and frameworks

Development agreements and strategy

Partnering and joint venture arrangements

Funding, grant and finance agreements

Bespoke and standard form professional appointments and warranties

Security documentation including bonds, guarantees, collateral warranties and third party rights

Structural warranties and insurance products

Infrastructure agreements

Recent work highlights

Procurement and development strategy

Advising Cornall Council and Treveth on the establishment of various vehicles to deliver their £600 million investment and housing development programmes, including 170 properties across six developments and 48 commercial units spanning 10 sites.

Housing investment and scheme recovery

Acting on the purchase of 580 energy-efficient homes in Walthamstow. We advised on protecting our client’s interests, enforcing security and appointing a new entity to complete the works when the developer and contractor entered administration.

Central London green office upgrade

Acting on the acquisition and refurbishment of 88,000 sq ft of prime, green-fund-approved offices in central London. We negotiated full construction documentation, with enhanced environmental compliance and funder reporting, including security, appointments and key contracts.

Legal partner to G15 members

Representing over 100 housing associations, including most of the leading ‘G15’ members. Our ongoing work spans complex regeneration projects and joint ventures, encompassing more than 50 arrangements, some of which involve multiple schemes with GDVs exceeding £1 billion.

Specialist support for care schemes

Advising a major property developer on a pipeline of 40 care homes, including project structuring, procurement, construction and funding documentation, with ongoing support on construction-phase issues, dispute avoidance, and relationship management, reflecting a long-term client partnership.

Building safety compliance and remediation

Assisting owners and institutional investors in resolving structural and fire safety issues, advising on grant applications and negotiating agreements to investigate, fully ascertain and undertake remedial works.

Water utility net zero guidance

Advising a leading UK water utility provider on achieving net zero by 2030, including providing guidance on a pipeline of 40 solar projects, a renewable energy framework, and innovative sustainability-linked contracts aligned with broader ESG commitments.

Water utility net zero guidance

Advising a leading UK water utility provider on achieving net zero by 2030, including providing guidance on a pipeline of 40 solar projects, a renewable energy framework, and innovative sustainability-linked contracts aligned with broader ESG commitments.

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At Penningtons Manches Cooper, we have a proven track record and deep expertise in residential, commercial and mixed-use developments. Our team excels in managing large and complex sites, understanding the intricacies of relationships between all parties involved. We also recognise the importance of careful negotiations to ensure the success of every development project.

Residential and commercial schemes

Whether you are a developer, investor, landowner or occupier, our multi-disciplinary practice offers comprehensive legal advice at every stage of a development scheme. We handle a wide range of projects including residential, office, family office, industrial and logistics, hotel, retail and leisure, student accommodation, senior living, healthcare, and mixed-use schemes.

Our development lawyers are well versed in advising house builders, promotion agents and landowners on the plethora of strategic land documentation. This ranges from options, promotion agreements and equalisation agreements to conditional contracts, sub-sale agreements, development agreements, turn overage, planning overage and required interest documentation.

Our experience means we are proficient in all aspects of new build disposals, both off-plan and post practical completion. We have a dedicated plot sales team who manage thousands of sales each year for a wide range of our clients, including developers, housebuilders, housing associations and local authorities. Because we have extensive experience in managing large developments, our planning lawyers know when to collaborate with other legal disciplines to ensure the planning process does not hinder delivery. At all times, we proactively engage with other stakeholders.

Contemporary construction procurement offers a wide range of options for structuring the delivery of the construction phase of any development. We work closely with clients, their engineers and architects at the project outset to help identify and manage or eliminate any risks.

The practice benefits from being part of a multi-disciplinary firm and is quickly able to find legal experts to support complex transactions.

Legal 500

Development often takes place in a crowded urban environment, which means it is crucial to deal successfully with third party rights to bring in a project on time and on budget. We work with the most up-to-date analysis tools to understand and present the best possible response to rights to light claims and recognise the benefits of deploying Section 203 in appropriate circumstances to extinguish adverse rights. We are also well versed in dealing with rights to light insurers and their requirements.

For long-term projects, we advise on various corporate structures, facilitating collaboration between investors, developers, and other parties. This flexibility allows for delivery over time, either on a project-specific basis or as part of a platform programme. We know how important it is to structure these arrangements with flexibility and an understanding of the realities involved.

How we help our clients

Site assembly and acquisitions

Planning and environmental

Development agreements, including pre-lettings, options, forward funding, joint ventures and land promotion

Construction and procurement

Building and fire safety

Sustainability

Right to lights and party access

Tax, including VAT, SDLT, capital gains, and capital allowances

Letting, funding, and sales

Real estate property disputes

Recent work highlights

Paddington Square redevelopment

Advising Great Western Developments Ltd on the Paddington Square development, providing around 500,00 sq ft of office, retail and restaurant space, a new underground station entrance, and associated works to the public realm around Paddington Station.

Prime residential scheme

Supporting Burhill Developments Limited, a substantial national landowner, on the strategic development of 75 acres of prime commuter belt land for the creation of up to 600 residential units.

Local authority investment programme

Advising Treveth Holdings and Developments LLP on Cornall Council’s £600 million housing and investment programme, including initial scheme set up advice, procurement and structuring strategies and all their delivery and maintenance contracts and arrangements.

Middlewood Locks regeneration

Acting for Scarborough Group on the regeneration of Middlewood Locks, including on financing the development’s third phase with Homes England. The site’s initial phase of 1,117 homes was forward-sold to a BTR operator with lettings to several retailers.

New homes development

Representing Morro Partnerships (formerly Jessup Partnerships) in the development of the final phase of Lightmoor Village in Telford, part of a 1,000 new homes development in partnership with Homes England and Bournville Village Trust.

Leeds regeneration scheme

Advising on regenerating an area in Leeds to create a business park, retail destination, and new railway station, including negotiating an asset protection agreement with Network Rail and structured pathfinder arrangements into NEC 4 ECC (Option A) contracts.

Poole Pottery redevelopment

Representing Fortitudo in developing the former Poole Pottery site into Vespasian, a collection of 64 homes and commercial space. This included dealing with site acquisition, planning, wayleave agreements, contractor insolvency, acquisition and development funding and plot sales.

Fire safety settlement agreements

Negotiating settlement agreements between developers and property owners for the developers to undertake fire safety and structural remedial works. Our role included resolving claims for the cost of interim measures, pursuing the supply chain and negotiating with NHBC.

Borough Triangle regeneration

Advising Peabody on a range of construction, development and procurement issues related to the planned regeneration and development of a significant site in the Borough Triangle area of London.

Family trust land purchase

Acting for a family trust on the strategic purchase of 200 acres of land in Hampshire for long-term, future mixed-use development opportunities.

Poole Pottery redevelopment

Representing Fortitudo in developing the former Poole Pottery site into Vespasian, a collection of 64 homes and commercial space. This included dealing with site acquisition, planning, wayleave agreements, contractor insolvency, acquisition and development funding and plot sales.

Fire safety settlement agreements

Negotiating settlement agreements between developers and property owners for the developers to undertake fire safety and structural remedial works. Our role included resolving claims for the cost of interim measures, pursuing the supply chain and negotiating with NHBC.

Borough Triangle regeneration

Advising Peabody on a range of construction, development and procurement issues related to the planned regeneration and development of a significant site in the Borough Triangle area of London.

Family trust land purchase

Acting for a family trust on the strategic purchase of 200 acres of land in Hampshire for long-term, future mixed-use development opportunities.

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Competition law is a critical factor for commercial strategy, affecting pricing, distribution, internet selling, exclusive dealing and technology licensing, as well as mergers and joint ventures. Our team has expertise in all these areas and can give pragmatic advice as to how best to realise commercial objectives while complying with competition law. We also advise businesses that have been subject to regulatory investigations or involved in competition litigation.

Expert guidance for leading brands

Our lawyers provide guidance relating to the core elements of competition law, covering restrictive agreements, mergers and joint ventures, and on ‘abuse of a dominant position’ (by entities with significant market power). We also advise on related areas such as subsidy control (state aid), procurement law  and acquisitions and investments under the National Security and Investment Act 2021.

In relation to merger control and joint ventures, we offer advice on the application of UK merger control to planned acquisitions and mergers, and on the process of notification of a merger to the CMA for clearance, including the drafting of submissions, responding to CMA information requests, dealing with issues letters, and, where relevant, the consideration of undertakings in lieu.

Our experts act for many leading brands on their distribution strategies. This includes assisting clients on selective distribution systems (under which dealers are appointed conditional on their meeting relevant quality requirements ) as well as exclusive distribution. Part of our role involves advising brands on managing internet sales channels, which in recent years have been a focus for regulatory competition law enforcement.

We support clients on enforcement authority investigations and the financial and personal liability risks of breaching competition law obligations; including potential abuse of a dominant position, anti-competitive agreements/practices and potentially illicit cross-industry collaboration on regulatory issues of mutual concern. Additionally, we counsel on the increasingly significant risks of follow-on class action litigation by those affected by conduct which has been the subject of rulings establishing breach of competition law.

What set them apart for me was their understanding of our business needs and desired outcomes, as well as their ability to deliver tailored and dynamic legal strategies at each stage.

Legal 500

In subsidy control, we advise public authorities on the structuring and management of funding initiatives in compliance with the Subsidy Control Act 2022, the UK’s domestic subsidy control regime that replaced the EU state aid rules after the UK’s departure from the EU.

We also have extensive experience of assisting clients (whether acquirers, investors or target companies) in navigating the UK’s National Security and Investment Act 2021, including advising on the merits of voluntary notification for transactions such as the licensing of sensitive IP, managing the process of notification and clearance for transactions to which mandatory notification applies, and managing retrospective validation where necessary.

We offer expert advice

Merger notifications

Exclusive and selective distribution agreements

Pricing and internet selling

Technology licensing

Compliance advice for dominant companies

Trade association compliance

Competition law compliance training

Competition regulatory investigations and competition litigation

Assessment and notifications under the National Security and Investment Act 2021

Subsidy control

Recent work highlights

Novel market merger control

Acting for an innovative financial services provider on merger control within a novel market, covering both Phase 1 and Phase 2 reviews by the CMA.

Selective distribution system

Advising a leading manufacturer of power and garden tools on its selective distribution system, under which its brand values are communicated through its dealer network, both in bricks-and-mortar and online environments.

Exclusive distributor appointment

Assisting a leading provider of data and standards to the insurance market on its move away from direct distribution to insurers, and its appointment of an exclusive distributor.

Follow-on damages claim

Advising a multinational in respect of a follow-on damages claim against one of its overseas subsidiaries, which had received a fine for breach of dominance by the local regulator.

UK NSI Act advice

Advising an investment company with a portfolio covering life sciences and innovative tech companies on the UK’s National Security and Investment Act 2021 and managing clearances under that regime for its investments.

R&D funding subsidy control

Advising a UK R&D funding agency, sponsored by the Department for Science, Innovation, and Technology, on subsidy control considerations in relation to its research funding programmes.

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Sanctions regimes are complex and continually evolving in response to the geopolitical landscape. Businesses, particularly those operating globally, face considerable challenges in ensuring sanctions compliance given the threat of criminal and financial penalties amid potentially conflicting regimes. Frequently the issues that arise require urgent attention to avoid the risk of breaches while upholding commercial relationships and the day to day operations of a company.

Specialist lawyers for international sanctions

Our team of specialist sanctions lawyers maintains strong working familiarity with all relevant sanctions legislation and is well-positioned to provide those companies affected with expert legal advice and support which is grounded in their corporate realities and objectives. It is critical for organisations to take proactive steps to protect themselves by ensuring their practices are compliant with sanctions regimes, thereby avoiding exposure to significant financial, political, regulatory and reputational risk. In light of an ever-changing situation, these practices must be kept under careful review.

Sanctions regimes typically include both financial and trade measures, incorporating sanctions against individuals, companies, national bodies and sometimes even countries, as well as wider trade sanctions which target both specific goods and items (often identified by their commodity code) or wider categories of goods and items. While there may be limited exceptions to the sanctions, frequently the only way to continue dealing with a sanctioned individual, entity or item is to seek a licence from the relevant regulator.

Our lawyers provide expert advice and assistance to individuals and businesses impacted by sanctions and deliver clear and comprehensive guidance in relation to the applicability of sanctions regimes and the options available to ensure compliance. We have extensive experience in advising clients in relation to specific transactions, interpreting relevant legislation and identifying areas of risk, dealing with regulators, and supporting on the implementation of compliance programmes.

We have a dedicated global sanctions team for shipping, trade and energy supplying timely legal advice based on the practical aspects of how the industry operates and within the legal framework to mitigate potential risks. We advise across different cargo types such as oil and petroleum products, with a remit that includes trading/commodities brokering, financing, insurance, flagging, and customs brokering. Our energy lawyers, many of whom are multi-qualified, act for some of the biggest players from commodities traders, mining companies, contractors, operators and financiers to governments, oil companies, service providers and independent players.

The real strengths of this team are that they know their areas inside and out and go the extra mile to make sure clients are happy.

Legal 500

We are also regularly involved in providing more generalist sanctions law advice, briefing clients on the jurisdictional scope and impact of different sanctions regimes and presenting a broader perspective on their legal and commercial implications. By offering practical and targeted guidance, we enable our clients to manage their risk more effectively, ultimately providing peace of mind as well as protection against sanctions-related litigation.

Our sanctions lawyers have a strong global network of trusted partners, enabling us to coordinate complicated advice which spans multiple jurisdictions and provide around-the-clock, immediate support.

How we help our clients

Sanctions analysis, interpretation and application

Sanctions obligations for private individuals and companies

Designing and implementing sanctions compliance guidelines and policies for companies

Application of sanctions arising from orders placed by new or existing customers

Licensing requirements, with a focus on the Office of Financial Sanctions Implementation

Applying for new or varying existing licences from the Office of Financial Sanctions Implementation

Dealing with regulatory authorities and coordinating the provision of advice in other jurisdictions

Concern regarding potential breaches of the sanctions regimes

Recent work highlights

International sanctions policy development

Preparing a sanctions policy for a multinational company in conjunction with US counsel, to provide guidance to employees and ensure company-wide compliance, implementation and integration across business functions.

Ban on Russian oil products

Advising a multinational oil company on prohibitions on negotiating, buying and selling Russian oil, including consideration of the potential impact on both UK-based and other foreign subsidiaries.

Sanctions challenges in trade finance

Assisting an Asian lender on the impact of Russian sanctions on repayments through an EU agent relating to international trade finance syndication, including OFSI and EU licence arrangements.

Disruption under the radar

Providing guidance to a client with facilities in Europe and Belarus on the UK and EU sanctions regimes against Belarus and their applicability to shipping Wi-Fi antenna between those facilities.

Russia to India bulk shipping

Advising a dry bulk vessel operator in Greece in relation to a contemplated voyage for the carriage of fertilisers from Russia to India, particularly on the application of sanctions regimes and associated risk management.

Reporting on supply of vehicle equipment

Providing urgent reports to a major vehicle supplier on the supply of vehicle related equipment into Myanmar, with further input on sanctions risks, jurisdictional considerations, and general compliance obligations.

Arrest of sanctioned vessel’s assets

Assisting a service company in the arrest of assets belonging to a sanctioned vessel in Germany, and progressing the claim against the sanctioned entity, alongside dealing with service issues on that entity.

Iranian oil trade sanctions

Acting for various energy clients regarding US sanctions in relation to the trade of Iranian oil, with continued involvement in reviewing transactional structures and advising on the mitigation of sanctions-related risks.

Syndicated trade finance sanctions issues

Advising a London-based Asian bank in relation to receivables and sanctions issues arising in connection with US$300 million syndication in a trade and commodity finance syndicated facility.

Arrest of sanctioned vessel’s assets

Assisting a service company in the arrest of assets belonging to a sanctioned vessel in Germany, and progressing the claim against the sanctioned entity, alongside dealing with service issues on that entity.

Iranian oil trade sanctions

Acting for various energy clients regarding US sanctions in relation to the trade of Iranian oil, with continued involvement in reviewing transactional structures and advising on the mitigation of sanctions-related risks.

Syndicated trade finance sanctions issues

Advising a London-based Asian bank in relation to receivables and sanctions issues arising in connection with US$300 million syndication in a trade and commodity finance syndicated facility.

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Financial services regulation

Penningtons Manches Cooper’s financial services group specialises in all areas of financial services regulation, compliance, disputes and enforcement. With a wealth of diverse experience in their respective fields, our lawyers are committed to delivering advice that is consistently pragmatic, commercially realistic, and technically accurate, as well as tailored to clients’ specific needs.

In-depth financial services knowledge

We support PRA and FCA authorised firms on the entire spectrum of regulatory matters, both non-contentious and contentious. Our work ranges from perimeter and financial promotion issues to complex regulatory capital advice. We have particular experience in sectors such as retail and corporate banking, retail lending (including mortgages), payments, wealth management, retail investments and fintech.

Among our clients are retail and corporate banks, private banks, mortgage lenders, consumer credit firms, wealth managers, corporate finance advisors, IFAs, insurers, insurance brokers, fintechs, crypto firms, and fund managers.

We help banks, corporates and financial institutions from outside the EEA to enter the UK and wider European markets; EU-based banks and institutions to access the UK market; and UK regulated firms to expand into other European countries. Our specialist team regularly executes high-value cross-border M&A transactions in the regulated financial services sector, handling notification and approval processes across multiple jurisdictions.

With in-depth knowledge of financial services law, regulatory trends and evolving practices, we are able to anticipate the impact changes may have on our clients’ businesses. We advise regulated firms, and senior executives in their own right, on managing their obligations under the FCA Senior Managers Regime (and where applicable the Senior Insurance Managers Regime and the Approved Persons Regime). Our advice covers compliance, recruitment, terms of employment, team moves and disciplinary matters.

They have a strong track record of seeking innovative solutions on behalf of clients.

Legal 500

Our financial services disputes team helps firms and individuals to pursue and defend regulatory based claims, and to manage investigations and enforcement actions by regulators. We have a proven track record in achieving favourable settlements through the courts and by pre-action negotiation. Drawing on the firm’s wider expertise in areas such as banking and finance, private wealth, enforcement, cyber security, data protection and international sanctions, we are able to offer value to our clients across the full spectrum of financial services sectors and markets.

We are particularly recognised for our work in the fintech sector and for assisting peer to peer debt and equity crowdfunding platforms. Where appropriate, we guide clients on structuring their businesses to operate outside the regulated financial services regime. Members of our fintech team are widely regarded as leaders in their field and are authors of authoritative guides such as the UK chapter of the Multilaw Global Guide for FinTechs (published by LexisNexis) and The Legal 500 FinTech Regulatory Guide.

How we help our clients

Regulatory perimeter and financial promotion

Cross-border financial sector marketing and sales

Major regulatory reforms, including MiFID II, EMIR, Basel 3.1, FSB TLAC, BRRD and ESG

Regulations on conduct of business, Consumer Duty, capital, client assets, reporting and controls

SMCR compliance, including preparing responsibility maps and statements of responsibility

Compliance with the E-Money and Payment Services Regulations

Drafting and negotiating commercial agreements

Regulatory change of control notifications and approvals (in the UK and overseas)

PRA/FCA information requests, investigations and enforcement actions, and skilled person reports

Compliance with financial crime legislation and assisting with investigations

Pursuing and defending claims based on regulatory breaches including group actions

Pursuing and defending claims for UK and worldwide freezing orders (including cryptoassets)

Useful resources

Recent work highlights

Regulatory body authorisations

Assisting full licence banks, start-up challenger banks, and other regulated businesses with applications for PRA and FCA authorisations.

Post-Brexit CRR requirements

Advising the UK subsidiary of an international bank on CRR requirements post-Brexit, including legal opinions in connection with the enforceability of credit risk mitigation security.

Change of control approvals

Assisting an international bank with navigating PRA and FCA change of control approval processes, including regulatory engagement, documentation and strategic compliance advice.

UK market entrance

Supporting various non-EU banks and financial institutions on their UK market entry strategies and related compliance issues.

Investment fund exit

Advising an investment fund on its successful €30 million exit from a private UK/European pharmaceutical group, including strategic and regulatory support.

Capital adequacy rules breach

Acting for the UK subsidiary of a listed multinational fintech company on an internal investigation into breaches of FCA capital adequacy rules following a whistleblowing report, liaising with the FCA and assisting with the implementation of a remediation plan.

Director investigation and removal

Running an investigatory process against several directors of a company authorised by the FCA and an overseas regulator, ensuring that their departure from the firm was carried out smoothly, through agreement, but with the appropriate notifications to the regulators.

UK-based crypto trading exchange

Providing regulatory advice to one of the first UK-based cryptocurrency trading exchanges to be fully registered with the FCA as a crypto-asset firm, including in its dealings with the FCA.

Transaction merger control

Advising on the application of UK and EU merger control to transactions, including assisting a client in the financial services sector on a phase 1 and phase 2 merger UK review, and on the merger notification and other submissions.

Fintech crowdfunding platforms

Working with a number of innovative fintech peer to peer and crowdfunding platforms from initial conceptualisation, fundraising, regulatory structuring and authorisation through to successful live launch.

Market manipulation challenge

Acting for a property investment and development group in relation to a competitor’s attempt to manipulate the market and acquire shares at an undervalue.

Bank fraud service

Assisting a national payment system operator with the commercial agreements and data compliance required to set up a payments system overlay service to help banks better combat fraud.

Director investigation and removal

Running an investigatory process against several directors of a company authorised by the FCA and an overseas regulator, ensuring that their departure from the firm was carried out smoothly, through agreement, but with the appropriate notifications to the regulators.

UK-based crypto trading exchange

Providing regulatory advice to one of the first UK-based cryptocurrency trading exchanges to be fully registered with the FCA as a crypto-asset firm, including in its dealings with the FCA.

Transaction merger control

Advising on the application of UK and EU merger control to transactions, including assisting a client in the financial services sector on a phase 1 and phase 2 merger UK review, and on the merger notification and other submissions.

Fintech crowdfunding platforms

Working with a number of innovative fintech peer to peer and crowdfunding platforms from initial conceptualisation, fundraising, regulatory structuring and authorisation through to successful live launch.

Market manipulation challenge

Acting for a property investment and development group in relation to a competitor’s attempt to manipulate the market and acquire shares at an undervalue.

Bank fraud service

Assisting a national payment system operator with the commercial agreements and data compliance required to set up a payments system overlay service to help banks better combat fraud.

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Energy regulatory

Penningtons Manches Cooper brings together a wealth of experience in advising on all aspects of the ‘downstream’ electricity and gas markets. Our expertise spans from electric and autonomous vehicle production to retail supply, energy networks, renewable energy generation, and cleantech. We provide comprehensive legal and strategic advice, ensuring clients navigate the complexities of the energy sector effectively and sustainably.

Trusted partners to energy sector clients

Our lawyers are experts in navigating the ever-changing energy regulations, including REMIT, licence conditions, industry codes, and non-energy specific regimes like data protection, GDPR, and cyber-security. We excel in regulatory compliance and engagement with regulators and boast a strong track record in contested regulatory enforcement cases, including Ofgem enforcement work.

Ofgem frequently updates its regulatory framework to ensure fair treatment of consumers and promote market integrity. Breaches of these regulations can result in significant penalties, including fines of up to 10% of a company’s applicable turnover. Our team is adept at helping clients to both stay compliant and effectively manage any regulatory challenges.

By leveraging our expertise in corporate and commercial, intellectual property, real estate, construction, and engineering law, we offer comprehensive advice to traditional energy businesses such as generators, networks, and suppliers, as well as non-traditional actors like aggregators and non-commercial parties. This multidisciplinary approach allows us to address the full spectrum of legal issues that our clients face.

With the rise of electric vehicles, the need for specialised legal guidance has never been greater. We provide expert counsel to electric vehicle designers, manufacturers, and providers of battery technology and charging infrastructure on issues like intellectual property commercialisation, brand protection, data protection, commercial agreements, and regulatory compliance.

Bags of initiative and the ability to convey complicated issues in comprehensible terms.

Chambers UK

Our cleantech and renewables team combines the skills of lawyers across the firm to assist with procurement, funding and project finance, competition, corporate and joint venture structures, planning, environmental, property, project, and construction matters. We also advise on anaerobic, wind, solar, and marine energy projects, smart meters, and feed-in-tariffs. The extensive experience of our specialists in these areas ensures that clients receive comprehensive support throughout the lifecycle of their projects, from initial planning and development, through to ongoing operations and maintenance.

The energy sector is a dynamic, constantly evolving one – we aim to equip our clients with the tools they need to thrive in this environment. Whether handling compliance, commercial arrangements, projects, corporate transactions, regulatory investigations, or commercial disputes, our advice is always pragmatic, holistic, and strategically focused.

How we help our clients

Compliance with Ofgem licence conditions

Legal requirements for electric and autonomous vehicles

Capacity Market advice

Balancing Mechanism, Settlement and Grid Codes

Environmental schemes including the RO, FiT and RHI schemes

Ofgem investigations and engagement with the regulator

Renewable energy, cleantech and sustainability

Competition law

Useful resources

Recent work highlights

Investigation into UK energy billing model

Advising on restructuring the billing model of a national energy supply company in line with Ofgem regulations, and then assisting with rebuilding it, at a time when UK energy prices were at a high.

Solar framework for utility estate

Assisting a water utility company with the legal and commercial aspects of deploying 45 solar projects across its estate, including structuring a bespoke framework agreement and drafting tailored EPC, NEC, ECC, PSC and O&M documentation for installations.

Remit compliance and regulatory engagement

Acting for a power generation company on compliance with REMIT wholesale energy trading regulations, including obligations around market transparency and insider information, and supporting engagement with regulatory authorities to ensure alignment with expectations and energy market standards.

Greenwashing risk and enforcement advice

Providing guidance on risks arising from allegations of greenwashing in corporate advertising and promotional materials, including assessment of environmental claims, compliance with consumer protection and advertising standards, and strategic guidance to mitigate reputational and legal exposure.

Regulatory impact on energy innovation

Working with a non-regulated energy business on the regulatory implications of its commercial arrangements with licensed suppliers, including guidance on how the UK energy regulatory framework affects its innovative business model and opportunities for compliant market participation and growth.

Renewable heat support challenge

Challenging Ofgem’s financial support decisions for several smaller-scale renewable heat generators, including strategic advice on regulatory interpretation and evidence, as well as dispute resolution options to protect client entitlements under the Renewable Heat Incentive and related schemes.

High-value regulatory compliance advice

Advising a regulated energy network on a high-value and complex regulatory compliance matter, including strategic engagement with the regulator, interpretation of evolving obligations, and risk mitigation planning to ensure continued operational integrity within a tightly governed energy market framework.

Heat network compliance for housing

Acting for housing associations on compliance with heat network regulations, including obligations under the Heat Network (Metering and Billing) Regulations and upcoming legislative changes, helping clients navigate reporting requirements, consumer protection standards, and operational responsibilities.

Energy market regulatory compliance advice

Advising (separately) a number of regulated energy market participants on both existing and new regulatory obligations in legislation, licence conditions and industry code requirements and on current and future business operation compliance.

Ofgem investigation strategy and compliance

Creating a response strategy to an Ofgem investigation, including regulator engagement, interpretation of relevant regulatory obligations, and developing tactical approaches to manage risk, ensure compliance, and support the client’s position throughout the course of the enforcement process.

Electric and autonomous vehicles regulation

Assisting an electric vehicle infrastructure provider on contracts with key partners for charge point infrastructure, as well as on consumer law issues, and separately, advising other electric and autonomous vehicle developers on regulatory compliance.

High-value regulatory compliance advice

Advising a regulated energy network on a high-value and complex regulatory compliance matter, including strategic engagement with the regulator, interpretation of evolving obligations, and risk mitigation planning to ensure continued operational integrity within a tightly governed energy market framework.

Heat network compliance for housing

Acting for housing associations on compliance with heat network regulations, including obligations under the Heat Network (Metering and Billing) Regulations and upcoming legislative changes, helping clients navigate reporting requirements, consumer protection standards, and operational responsibilities.

Energy market regulatory compliance advice

Advising (separately) a number of regulated energy market participants on both existing and new regulatory obligations in legislation, licence conditions and industry code requirements and on current and future business operation compliance.

Ofgem investigation strategy and compliance

Creating a response strategy to an Ofgem investigation, including regulator engagement, interpretation of relevant regulatory obligations, and developing tactical approaches to manage risk, ensure compliance, and support the client’s position throughout the course of the enforcement process.

Electric and autonomous vehicles regulation

Assisting an electric vehicle infrastructure provider on contracts with key partners for charge point infrastructure, as well as on consumer law issues, and separately, advising other electric and autonomous vehicle developers on regulatory compliance.

Case studies

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Change is a constant in the planning system. Whether driven by shifts in government policy, evolving national priorities, or emerging societal needs, planning law and policy are continually being reshaped. Recent reforms to the National Planning Policy Framework (NPPF), updates to National Planning Policy Guidance (NPPG), and new primary and secondary legislation reflect a broader drive to deliver development where it is most needed – while maintaining essential safeguards.

Expert guidance in a complex landscape

Understanding how these changes are interpreted by local planning authorities, the Planning Inspectorate, and the courts is critical. Staying informed and responsive to both current and upcoming developments will unlock opportunities and guard against unexpected delays and spiralling costs.

To support clients in navigating this evolving environment, our planning team provides expert legal guidance tailored to the challenges and opportunities presented by a shifting policy landscape. We offer clear, practical, and strategic advice across the full spectrum of planning matters, ensuring the best possible outcomes for every project, no matter how complex.

Our experts have advised on major development schemes and compulsory purchase orders (CPOs) for a wide range of clients. They include national housebuilders, registered providers, landowners, land promoters, private investors, statutory undertakers, industrial and manufacturing businesses, and local authorities.

We bring both regional knowledge and national perspective, working on projects across the UK. Our current instructions range from major residential-led schemes in Hampshire, West Berkshire, London, and Oxfordshire to water infrastructure projects involving the use of compulsory purchase powers, Community Infrastructure Levy (CIL) matters, data centre developments, and two significant regeneration schemes in London.

Penningtons Manches Cooper is very experienced and knowledgeable on all fronts.

Chambers UK

We regularly collaborate with colleagues across our real estate, housing, construction, and dispute resolution teams to provide a seamless, joined-up service. This integrated approach, combined with an up-to-the-minute understanding of the latest changes to case law and legislation, supports you at every stage of the development cycle, from initial strategy through to delivery and beyond.

Whether you are a developer, promoter, landowner, or occupier, obtaining specialist planning advice at the outset of your project is essential. Early engagement helps to mitigate the risk of disruptions, reduce administrative burdens, and ensure your project progresses smoothly. Our planning lawyers are ready to support you with tailored, expert guidance that aligns with your objectives and helps you move forward with clarity and confidence.

How we help our clients

Regional and local plans

Planning applications and appeals

Section 106 planning agreements

Highways, public rights advice, town and village greens

Infrastructure agreements

Enforcement

High Court challenges

Biodiversity Net Gain (BNG)

Environmental and ecological habitat protection, including Suitable Alternative Natural Greenspaces (SANGs)

Listed buildings and conservation areas

Judicial review and statutory appeals

Compulsory purchase (including promoting)

Recent work highlights

Section 106 precedent agreement

Acting for the Local Planning Authority on residential developments for 443, 342, 198, and 155 dwellings across strategic housing sites, drafting a precedent section 106 agreement to allow the sites to come forward individually whilst providing its share of overall infrastructure

High Court planning challenges

Acting on numerous High Court challenges including successfully defending the grant of planning permission on an appeal against a challenge made by the local planning authority and overturing a dismissed appeal decision.

Major strategic housing site

Providing ongoing advice to support delivery of a major strategic housing site in Berkshire, including local plan allocation, planning application, section 106 agreement, public right of way considerations, and access requirements. The Local Planning Authority granted planning permission in 2024.

Complex CPO for statutory undertaker

Promoting three compulsory purchase orders on behalf of a water undertaker, including land required to construct a new reservoir. One of the orders was subject to a public inquiry to determine whether it should be confirmed by the Secretary of State.

Major regeneration scheme in London

Advising on compulsory purchase and section 203 matters to facilitate delivery of two long-term, large-scale regeneration schemes in London, including 4,500 dwellings and significant community benefits.

CIL advice for multiple clients

Assisting registered providers, universities, charities and landowners on Community Infrastructure Levy issues, including reversing a CIL liability, lodging appeals against the levy, seeking reviews on relief decisions and interpreting the application of the regulations in relation to proposed developments.

Housing association government funding

Advising a registered provider on the interpretation and application of statutory and contractual requirements relating to the decarbonisation fund including assessing eligibility criteria and how the regulatory framework interacts with funding conditions.

London green belt commercial development

Providing guidance to a landowner on a proposal for a large industrial development within green belt land, along with a major data centre. This involved consideration of existing and previous uses of the site and whether it could be classified as grey belt land.

Mixed-use development in Surrey

Acting for a land promotor on a major residential-led development in Surrey, comprising housing, retail, public open space, formal playing fields and a Suitable Alternative Natural Greenspace (SANG). Planning permission was granted in 2024.

Housing association government funding

Advising a registered provider on the interpretation and application of statutory and contractual requirements relating to the decarbonisation fund including assessing eligibility criteria and how the regulatory framework interacts with funding conditions.

London green belt commercial development

Providing guidance to a landowner on a proposal for a large industrial development within green belt land, along with a major data centre. This involved consideration of existing and previous uses of the site and whether it could be classified as grey belt land.

Mixed-use development in Surrey

Acting for a land promotor on a major residential-led development in Surrey, comprising housing, retail, public open space, formal playing fields and a Suitable Alternative Natural Greenspace (SANG). Planning permission was granted in 2024.

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Investors and funds

Penningtons Manches Cooper has a well-established reputation for advising real estate investors and funds from the UK and internationally. Our team is trusted by a broad client base, ranging from private and family office investors to some of the world’s largest institutional investors. By providing tailored and expert guidance for every client, we adeptly manage large-scale and complex portfolios across various asset classes, as well as single assets.

Real estate investment expertise

Our real estate investment team works closely with the corporate, banking and finance, planning, construction, real estate disputes and tax teams to provide a complete service offering. Our clients’ investments are often dealt with through specific types of real estate vehicles, whether single purpose, limited partnership or joint venture. We advise on a variety of ownership structures, identifying the most appropriate way to meet objectives, as well as on fundings and forward sales and purchases.

One of the critical success factors for real estate investment clients is managing the relationship between landlord and tenant. Our team advises both landlords and tenants – from corporates with large, diverse portfolios, to family-run businesses with a portfolio of assets. This gives us a rounded perspective and enables us to understand the key concern and priorities of all parties. In particular, we have gained a strong track record in acting for institutions that hold a varied asset portfolio.

Our lawyers also advise investors on long income, including sale and leasebacks, ground leases and income strips. We represent various institutional funds investing in this sector. Ground rent transactions often involve advising on both sale and leaseback ground rent models as well as situations where the ground rent transaction has formed part of a refinance of the assets.

Penningtons Manches Cooper is very experienced and knowledgeable on all fronts. The firm understands the asset they work on and the commercial drivers of their client.

Chambers UK

At all times, our philosophy is to pay proper attention to property management-related issues to ensure asset value is not eroded. This philosophy is shared by the members of our real estate dispute resolution team who provide support when disputes arise and to prevent them happening unnecessarily. We can also call on experts in the firm’s specialist building and fire safety team who provide guidance on a full range of issues including remediation measures, duties and functions required under new and existing regulations, and building safety law compliance.

How we help our clients

Acquisitions and disposals

Joint ventures and development agreements including forward funding

Limited partnerships and other indirect investment

Property management including rent reviews

Appointment of property professionals

Distressed property

Tax matters

Recent work highlights

Office acquisition and sale

Acting on behalf of a fund managed by Alpha on the acquisition of an office block in Bristol, which was let entirely to a government body, and its subsequent sale.

Institutional investor purchase

Representing one of the UK’s largest listed institutional investors on the £100 million purchase of a multi-let industrial and logistics park spanning more than 700,000 sq ft from a UK property fund.

Multi-let retail park acquisition

Advising an institutional investor on the prospective purchase of three multi-let retail parks from a UK property investor. The deal included 40 occupational leases which our multi-disciplinary team dealt with efficiently and on time.

London property sale

Acting for a major institutional investor on the £110 million sale of a London building to a private real estate investor. The deal incorporated all asset management matters including a programme of re-gears, surrenders and new lettings.

Redeveloped office purchase

Representing a fund managed by Fidelity in relation to its purchase of an office building in London that had been redeveloped to be carbon neutral, including advising on real estate, construction and tax matters.

Holding vehicles for developments

Acting on the real estate aspects of the corporate acquisition of holding vehicles which owned two major development sites with planning permission for retirement living. The two developments will comprise 290 independent and assisted living apartments.

Pre-development PRS scheme

Advising Notting Hill Genesis on the pre-development purchase of 400+ private rented sector units from Ballymore at Royal Wharf, Silvertown with an estimated £95 million GDV.

Residental portfolio management

Managing a major institutional investor’s expansive residential portfolio worth over £300 million. Our role involves successfully litigating disputes with tenants and recovery of arrears and possession.

Pub portfolio sale

Representing Aprirose Investment Company on the sale of 14 pubs to Punch, which was complicated by the opco-propco structure. The transaction included assets and employee transfers, with the portfolio comprising freehold interests and leaseholds needing landlord consent.

Multiple warehouse transactions

Advising an institutional investor on numerous warehouse sales and acquisitions including the sale of London assets worth £32 million and £16 million, and acquisitions of industrial and distribution assets worth £30 million and £23 million in Portsmouth and Nuneaton.

Forward-funding investment

Acting for an institutional investor on the forward funding of a 120,000 sq ft logistics unit near Manchester Airport. The property was let to a catering company for a 25-year lease. Post-development, we acted on the management and sale.

Pre-development PRS scheme

Advising Notting Hill Genesis on the pre-development purchase of 400+ private rented sector units from Ballymore at Royal Wharf, Silvertown with an estimated £95 million GDV.

Residental portfolio management

Managing a major institutional investor’s expansive residential portfolio worth over £300 million. Our role involves successfully litigating disputes with tenants and recovery of arrears and possession.

Pub portfolio sale

Representing Aprirose Investment Company on the sale of 14 pubs to Punch, which was complicated by the opco-propco structure. The transaction included assets and employee transfers, with the portfolio comprising freehold interests and leaseholds needing landlord consent.

Multiple warehouse transactions

Advising an institutional investor on numerous warehouse sales and acquisitions including the sale of London assets worth £32 million and £16 million, and acquisitions of industrial and distribution assets worth £30 million and £23 million in Portsmouth and Nuneaton.

Forward-funding investment

Acting for an institutional investor on the forward funding of a 120,000 sq ft logistics unit near Manchester Airport. The property was let to a catering company for a 25-year lease. Post-development, we acted on the management and sale.

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