As the New Year begins, we look back at some of 2018’s key legislation and court decisions, as well as a selection of real estate transactional work we have carried out in a range of sectors.
A real estate retrospective of influential legislation, Court decisions and transactional work in 2018
Despite considerable change and uncertainty, the UK’s commercial property market has remained resiliently buoyant in 2018. As 2019 begins to take shape, we look back at some of last year’s important and influential legislation and court decisions, as well as a small selection of some of the transactional real estate work we have carried out.
A heady mix of statutory and regulatory change and number of key court decisions impacted the sector in 2018. The implementation of government policy has seen the coming info force of minimum energy efficiency standards for commercial buildings in an attempt to force greenhouse gas emissions reduction. A new telecoms code has been introduced to facilitate the anticipated connectivity to 5G of 15 million people by 2025 and nationwide by 2033.
The courts have been hard at it too with a few surprises sprinkled in amongst the usual spread of cases reported over break clauses, the Landlord and Tenant Act 1954 (still giving after 64 years!) and testy rent review issues.