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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

empty shops

Publications: 03 MARCH 2021

Second judgment by a German Higher Regional Court on rental payments during pandemic-related closures – adjustments only possible in exceptional cases

On the same day as the Higher Regional Court of Dresden (judgment of 24 February 2021, case no. 5 U 1782/20), the Higher Regional Court (Oberlandesgericht; OLG) of Karlsruhe (judgment of 24 February…

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real estate property

Publications: 26 FEBRUARY 2021

Higher Regional Court judgement: risk-sharing between landlord and tenant as a result of the pandemic-related closures

On 24 February 2021, the Higher Regional Court (Oberlandesgericht) of Dresden (judgment of 24 February 2021, case no. 5 U 1782/20) took a stand on risk-sharing between landlord and tenant as a result…

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Ground level image of skyscraper building

Publications: 12 FEBRUARY 2021

The Spanish Constitutional Court declares certain squatter-protection rules in Catalonia null

On 28 January 2021 the Spanish Constitutional Court published a ruling that declares null several articles  of the DL 17/2019 on the basis, among others, that annulled provisions affect basic elements…

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Allen & Overy graphic

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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