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Sub practice
Sub practice

Corporate Occupiers and Leasing

Typically, buildings cost 15% of an organisation’s overheads and are the second largest business expenditure following staff costs.

Effectively managing operational real estate is an issue of strategic importance and can provide the foundation for future growth.

With vast experience in acting for both tenants and landlords, we have a real understanding of the issues our clients face in managing real estate and anticipating their future operational requirements. We specialise in acting for financial institutions and corporates on HQ relocations, data centres and office matters, and have advised on some of the most significant deals in the market in recent times.

In particular, we help clients with the negotiation of heads of terms and agreements to lease; the negotiation and agreement of commercial leases and all supporting documentation; exit issues relating to existing premises; and construction issues regarding fit-out by the landlord and/or tenant. Underpinning our advice is a unrelenting focus on ensuring the best possible commercial terms for our clients.

Our lawyers work closely with clients to identify provisions that could pose risks within a chosen strategy. These include financial obligations such as rent review, insurance and repair obligations. Having established whether the risk is reasonable, taking into account the market and other commercial factors, we work to agree the approach and mitigating factors that should be adopted in order to manage the risk. A material disruption to your business from the perspective of a landlord or tenant is likely to impact you economically. Our team's prior experience of leading similar projects and working with other professional advisers means that our rigorous approach to project management allows your day-to-day operations to continue smoothly.

News & insights

retail

Publications: 21 DECEMBER 2020

Covid-19 Update: Act to further shorten the residual debt discharge procedure

Effects on the Commercial Lease Law

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retail property

Publications: 18 DECEMBER 2020

Covid-19 Update: New Lockdown - Effects of the Federal-State Resolution of 13 December 2020 on the Commercial Rental Law

On 13 December 2020, the Federal Chancellor and the Prime Ministers of the Federal States again decided, in view of the current development of the Covid-19 pandemic, to impose far-reaching measures…

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News: 14 DECEMBER 2020

Allen & Overy adds real estate capabilities to U.S. transactional practices with new partner hire

Allen & Overy today announced that Adam Sofen has joined the firm from Sullivan & Cromwell LLP as a partner based out of A&O’s New York offices. Sofen’s practice focuses on the commercial real estate…

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Publications: 23 APRIL 2020

Covid-19 coronavirus: rent deferrals in commercial and industrial lease agreements in Spain

Following the approval of rent deferrals for residential lease agreements due to Covid-19 outbreak in March, the Spanish Government has now approved on 21 April 2020, the Royal Decree-law 15/2020…

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