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Property

Property

Proper preparation can help prevent any pain from Part Exchange properties

Proper preparation can help prevent any pain from Part Exchange properties

Being able to operate an effective part-exchange or ‘PX’ scheme can be an essential tool in a housebuilder’s sales tool kit.

From the housebuilder’s perspective it can be the means of delivering a sale on short notice.

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Burness admin

Retail Parks and the “People Still Shop in Shops” Shocker…!

On a bright, crisp and cold spring morning in March I was delighted to bear witness to that heartening and serene sight.  The faltering, blinking emergence into the world of a fresh retail park scheme.  The car park chaos, the meandering swarms of curious consumers and the reassuring thrum of contactless technology ushering pounds and pence onto balance sheets of happy retailers.

On this occasion the happy retailers were Home Bargains and Aldi on the Manse development of the former Rolls Royce plant in East Kilbride (a scheme in which Burness Paull had significant involvem

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Burness admin

The flexible future of retail

JD Sports has had a great year.  All of its key performance indicators are soaring ahead. 

There are many factors contributing to their success.  One interesting element is that JD Sports is, in many respects, a traditional bricks and mortar retailer (it has 390 stores across the UK and Ireland).  It unashamedly puts its physical stores at the centre of its strategy.  With bricks and mortar being blamed for so many retail casualties in recent times, and in many cases being the clear focus for CVA proposals – how can it be that JD Sports can have the audacit

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Burness admin

Hypothetical protection for struggling landlords

It’s been a tough time for landlords in the retail sector, with so many retailers of all sizes going bust.  Landlords often find that, absent a rent deposit, there is little they can do to protect themselves when a tenant goes into administration or liquidation.  However, there is one little discussed protection for landlords in Scotland – in the form of a security known as “Hypothec”. 

Hypothec has undergone changes over the years but it essentially operates as this – if a tenant goes into liquidation or administration, the “hypothec” kicks-in, and provides a securi

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Burness admin

50 ways to leave your landlord

What connects Debenhams, Marks & Spencer, Arcadia Group and New Look?

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Burness admin

Sun to shine on housebuilding sector at Homes for Scotland Annual Lunch

I am really looking forward to the Homes for Scotland Annual Lunch and Awards on Friday.  Not just because the glorious weather this week has put everyone in an upbeat mood, or indeed that Burness Paull sponsors the event, but due to the fact that it’s a great opportunity to catch up with people at what, for me, is the highlight of the year in the housebuilding calendar.

The Annual Lunch is timed perfectly – landing right at the end of New Homes Week this year – an initiative designed to promote the benefits of buying a new home to potential buyers.

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Burness admin

Dilapidations: No claim if no works done

Alan McMillan

A lot of money can be gained (or recouped) by landlords pursuing dilapidations claims. The tenant has much to lose. One question has been on the minds and lips of surveyors for as long as dilapidations claims have been around. Does the landlord have to do the works before the claim can ever be successful? 

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Burness admin

Registered Social Landlords – Do you have the information?

Since around 2015 there have been discussions and consultations around extending Freedom of Information legislation in Scotland to include Registered Social Landlords (RSLs). At the start of February, the Scottish Government published a draft statutory instrument which, if adopted, will mean RSLs will be required to comply with Freedom of Information legislation in Scotland. 

This anticipated change has been announced at a time when Scotland is taking measures to deregulate RSLs including giving them the power to sell homes and land without requiring approval from the Sco

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Burness admin

Community Empowerment - New Rights, New Mindsets, New Thinking?

A few days ago, a community organisation forwarded to me a circular letter issued by the Scottish Government – highlighting the roll-out of further community rights regarding neglected abandoned or detrimental land and (still in train) land for sustainable development.

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Burness admin

Canary Wharf v European Medicines Agency – not so frustrating after all (for the landlord)

The English High Court has today rejected the argument that Brexit allows a tenant to get out of its lease, in a decision which is good news for landlords and arguably for the property industry generally.

The High Court has made its decision in the case of Canary Wharf v European Medicines Agency.  The EMA had its headquarters at Canary Wharf in London.  As an EU agency, the EMA is required to have its headquarters in an EU member state.  Since the UK will stop being a member state after Brexit, the EMA argued that it would be impossible for its lease to continue (and

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Burness admin