Optimism in the UK logistics sector despite Brexit uncertainty

Property Week, Savills and Tritax Symmetry (in association with Analytiqa) have published the results of their third annual market census. The market census surveys developers, occupiers and agents and provides valuable insight into the current view within the UK industrial and logistics sector.

Despite the uncertainty caused by Brexit negotiations and other general challenges, the market census reveals a fairly positive outlook for the UK industrial and logistics sector. Five key takeaways from the market census as follows:

A day in ten tweets- the UKAA BTR Conference 2019

31st October 2019 was not necessarily as auspicious as expected by many, but it was a day of discussion on build to rent at the UKAA annual conference. The day came shortly after research reported that UK BTR had grown by 20% in the last year, and there was certainly a buzz as professionals across the industry came together in Mayfair. For those unable to attend, here are ten tweets to hint at the discussion points of the day.

Landlord entitled to prevent enfranchisement

On 30 October 2019, the Supreme Court (by a majority of only 3 to 2) surprisingly overturned the decisions of both the Trial Judge and Court of Appeal by deciding that it was reasonable for a landlord to refuse consent for a tenant to apply for planning permission to convert the first and second floors of a 6 storey building to residential, which would result in approximately 52% of the building being in residential use.

Mad Tax: Fury Royd

Forsters tax discuss the latest IR35 case law and HMRC guidance

There are interesting insights into what  “control” means in the context of IR35 in the recent  Upper Tribunal  decision relating to Christa Ackroyd Media Limited.

EPC B by Twenty Thirteee…?!

Most real estate professionals are presumably familiar with minimum energy efficiency standards (MEES) in non-domestic property, now that the relevant legislation has now been in place since 2015. MEES is a consideration on any investment in non-domestic property (together with any related financing) and on any letting of that property. Professionals must now ask the question on any such transaction: “is MEES a concern?”

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"This practice specialises in property and all staff that we have encountered in the construction department are knowledgeable and commercial. They respond quickly, often advising us what to do rather than simply quoting the law."
The Legal 500 UK, 2022
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