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Commercial Property

The “New Normal”- what does this mean for your Commercial Property?

Stewart Coles Nicola Pearce

By now we will all have been affected by the changes and challenges 2020 has brought about. Not least businesses, which are having to quickly adapt to new guidance and get to grips with what the “New Normal” means for their sector. Although there is an uncertain road ahead, there are some key considerations which…

Pension schemes can free up cash for your business

Stewart Coles - Colour WEB

Companies with cash-flow problems, particularly during COVID-19, could be sitting on alternative means of obtaining vital funds. Businesses with their own premises can consider selling the property to their regulated pension schemes to generate additional cash and investment. Details on how best to achieve this were revealed in a Talk Legal webinar by Stewart Coles,…

Thursfields Talk Legal: using pensions and commercial property to source funds for your business

Stewart Coles - Colour WEB

Finding an alternative source of funds to support your business via pensions and commercial property will be discussed at a Thursfields Solicitors’ webinar later this month. Stewart Coles, an associate director in the Commercial Property department, will host the free Talk Legal webinar titled “Pensions and commercial property” at 10am on Wednesday 18 November. Stewart…

Government Extends Restrictions on Commercial Leases

Jon Clifford - Colour WEB 1

Recent Government reaction to the Covid-19 pandemic has once again impacted a landlord’s ability to remove commercial tenants on account of rent arrears. The prohibition on the use of forfeiture has been extended, and Commercial Rent Arrears Recovery (‘CRAR’) cannot be exercised until at least 189 days’ worth of rent arrears has accumulated. All initiatives…

Thursfields enables five-day turnaround on lease to electronic wholesale business | Commercial Property

Stewart Coles - Colour

Thursfields Solicitors has helped a Birmingham property agent re-let an industrial unit in just five days. Stewart Coles, an associate director in Thursfields’ commercial property team, and Edward Siddall-Jones of agents Siddall Jones, acting on behalf of the landlord Vitalplus Ltd, enabled an electronics wholesale business to move into Units 7 & 8 Magreal Industrial…

Thursfields helps Time Etc to grow HQ in Birmingham

Thursfields Lyndon House

Thursfields Solicitors has helped a Birmingham company expand into larger offices due to the success of the firm during the pandemic. Established since 2007, Time Etc Ltd provides on-demand executive assistants who provide administrative support to entrepreneur clients from their own homes on a part-time basis. The business was started by founder Barnaby Lashbrooke and…

Commercial Property |Commercial Rents – Extra Protection for Tenants

Robert Pettigrew pic

The Government has confirmed that it will extend the time period for suspension of the forfeiture of evictions from June 30 to September 30. Additionally, they have introduced the Code of Practice for Commercial Property.  The idea of the Code is to provide clarity for businesses when discussing rental payments and to encourage best practice…

No worries over delay to leasehold law changes

Jon Clifford - Colour

No-one should be concerned about a delay in the simplification of rules surrounding leaseholders’ rights to buy or extend their leases, according to Thursfields Solicitors, who said that a long-awaited update on what’s known as leasehold enfranchisement has been put back by COVID-19. But experts at Thursfields said they had been involved in detailed consultations…

Thursfields helps Blakedown Car Company expand | Commercial Property

Blakedown car company

Thursfields Solicitors has helped two enterprising directors with a major expansion of their performance car sales business. Jordan Glynne-Jones and Luke Doran, who launched Blakedown Car Company in 2015, have now tripled their showroom space and doubled their overall footprint by taking the premises opposite their car dealership in Heath Mill Close in Wombourne. The…

Thursfields notes further relief for commercial and retail tenants

John McLean Blue Tie

Thursfields advises of government intervention to help commercial and retail tenants under pressure from the continuing COVID-19 pandemic. John McLean, a senior associate in Thursfields’ commercial property team, said the Coronavirus Act 2020 had already prevented forfeiture action by landlords for non-payment of rent until 30 June 2020. “This provided relief for many, but was…

Webinar: Legal issues affecting Business owners | Wills and estates

Someone working on a laptop

Legal experts, Stewart Coles and Laura Banks will be hosting a webinar in conjunction with Herefordshire and Worcestershire Chamber of Commerce on 29 April at 12pm. The webinar will focus on latest property issues affecting business owners and also discuss the importance and relevance of making wills and LPAs. To register, see link below: https://hwchamber.co.uk/webinar-legal-issues-affecting-business-owners-assessing-your-financial-affairs-during-coronavirus/

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