BUSINESS PARK

Business parks offer a less expensive, more controlled office environment for occupiers than city centre offices. In addition, a non-central location offers low cost relative to yields, making the business park an excellent choice for developers and investors.

Examples of work undertaken by DJB lawyers

  • Advised on the multi-million pound disposal of a large business park based in the North West.

  • Acting on the acquisition, funding and development of an office park development in the Midlands, as well as the subsequent division of the site for disposal by freehold sales and letting.

  • Dealing with the simultaneous disposal of a £10 million national portfolio of eight industrial estates for an off-shore unit trust to two buyers.

  • Securing compensation for the management company of a business park after it was lost to a CPO.

DJB specialists

Legal issues that may arise

  • Site acquisitions and disposals

  • Planning permissions and obligations

  • Commercial lease breaks, renewals and negotiations. 

  • General estates management issues.  

  • Rent reviews

  • Overage

  • Dilapidations

  • Commercial development

  • Construction contract negotiation and drafting including FIDIC, NEC, IChemE, GC/Works, JCT, ICE, RIBA, RICS

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