Almost weekly the North West business press are reporting on multi-million-pound real estate transactions and news of commercial property developments are being announced. In the last few week’s one article described Manchester as an...
FDR Law approaches each development opportunity on an individual basis and provides innovative advice allowing our clients to find the right strategy to pursue commercially realisable and profitable schemes. We act on behalf of housebuilders as well as significant landowners and the farming community at every stage of a transaction from heads of terms through to documenting the interests of the parties.
We advise on complex option agreements over brown and green-field sites requiring planning permission and provide detailed mechanisms for calculating the price of the land should these option agreements be triggered. In addition, we are experts in advising on pre-emption and promotion agreements as well as drafting complicated overage provisions.
FDR Law deals with projects of all sizes and often with multiple landowners. Our job is to ensure that we can piece together these complex jigsaws (usually comprising several parcels of land) with both precision and expediency.
We work closely with developers, landowners and local authorities in carrying out thorough due diligence checks in respect of each site. Having investigated title, boundaries and access to the site, we assist our clients in securing the most favourable terms possible having regard to their business objectives and current market conditions.
Development Agreements & Strategic Partnering
Our team have significant experience negotiating structured provisions for development and associated development obligations, incentives and penalties into water tight development agreements. We provide a Partner led team to deal with complex, long-term developments often involving multiple phases. All property developments require planning permission and are often dependant on their approval in order for the project to progress. Our property development solicitors work closely with local planning authorities and councils to allow for this whilst evaluating any unfavourable obligations that may be attached to the permissions.
Whether strategically joining different parcels of land together to form one site or merging entities to share their physical and intellectual resources on a project, FDR Law can assist in facilitating development.