As the One Big Beautiful Bill Act reshapes tax incentives and infrastructure investment, developers of data center mega-campuses are entering a new era of opportunity and complexity. Strategic master planning has never been more essential. See how our DLA Piper Data Center team helps navigate this ever-evolving landscape by visiting Data Center Insights at https://lnkd.in/ekiqct2U
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DLA Piper Real Estate Sector reposted this
A significant transaction for the City office market which is hopefully a sign of things to come. Delighted to have led the DLA Piper team on behalf of Union Investment Real Estate GmbH. DLA Piper Real Estate Sector James Knox Gregor Munro Mhairi McLaughlin Hannah Lee #London #City #prime #offices #realestate #investment
Great #office transaction in #London: Union Investment sells Finsbury Circus House to a joint venture between #Aware Super and #Delancey The international real estate investment world traditionally looks to #London to identify signs of far-reaching trends and market developments in Europe's largest and most important real estate market. The off-market sale of Finsbury Circus House, by Union Investment, to #DARE a joint venture between Delancey and Aware Super which has signed is likely to send a strong positive signal to the market, given it is the first prime office transaction of scale in the City of London for a considerable period of time. The transaction points to a renaissance in the prime London #office market, with high quality offices coming back into focus for #institutional investors. “The office segment is re-awakening from its slumber due to very strong fundamentals in the letting markets and a shortage of suitable product. The sale enables us to achieve our objectives to strategically optimise our portfolio and minimise future capital expenditure risk” says Adam Irányi, Head of Investment Management Global at Union Investment. Union Investment acquired Finsbury Circus House in 1992 for its open-ended real estate fund UniImmo: Deutschland. The #property, which was fully let to the Bank of Tokyo at the time of purchase, was converted in 2012/13 by Union Investment into a premium multi-tenant property after the tenant moved out. “The high quality of the building and its exceptional location next to Liverpool Street station were key factors in attracting the calibre of buyer that we were able to. Furthermore, the sale puts the fund in a position to pursue attractive new investment opportunities in London which will continue to be a very important target market,” says Miles Skinner MRICS, Head of Investment Management, #UK and #Ireland. “Finsbury Circus House adds additional scale to DARE’s portfolio of prime Central London Offices that we are building. This property is similarly situated on a garden square, with immediate proximity to the Elizabeth Line and first-class amenity, which is critical to leading businesses that we hope to attract. #Investments of this quality rarely trade, so we are delighted that we were able to secure a deal that worked for both Union Investment and us” says Dan Dawe, Head of Investment at Delancey Real Estate. During the transaction, Delancey and Aware Super were advised by Travers Smith and CBRE. Union Investment was advised by DLA Piper and JLL. #realestate
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UK Government plans to ban upwards only rent reviews in commercial leases Yesterday the UK Government introduced what it calls the "landmark" English Devolution and Community Empowerment Bill. It will certainly be significant for the real estate industry, if it becomes law, as it will bring an end to upwards only rent review clauses in new commercial leases in England and Wales. The Government's aim in outlawing upwards only rent reviews is, according to its impact assessment, to make "commercial leases fairer for tenants, the market more efficient, and ultimately contribute thriving highstreets and economic growth". Commercial landlords will, no doubt, be concerned by the proposed changes, which were not the subject of prior consultation. Whilst the detail of the ban may change as the Bill passes through Parliament, five key points to note at this stage are set out below. 1. The ban will apply to all commercial leases in England and Wales to which Part II of the Landlord and Tenant Act 1954 applies. This includes "contracted out" leases (i.e. those excluded from the Landlord and Tenant Act 1954 security of tenure provisions). 2. It will prohibit upwards only rent review clauses in both new commercial leases and 1954 Act renewal leases. 3. The ban will not be retrospective. Only leases granted after the provisions are brought into force will be caught (with transition provisions for agreements for lease). 4. Open market, index-linked and turnover rent review clauses are within the scope of the restrictions. 5. It seems that fixed rental increases and upwards/downwards reviews will be permitted. Other exceptions may also be brought into force through secondary legislation. There is no detail available about when the ban will come into effect. Whether it makes it to the statue book unamended remains to be seen. We will be monitoring the progress of the Bill through Parliament and provide updates as more detail becomes available. If you would like more information on this or any other topics, please get in touch with your usual DLA Piper contact. https://lnkd.in/ecxh2TJz #DLAPiperRealEstate #RealEstate
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Among the respondents of our survey, multifamily housing remains the top pick, while interest in Class A office space increased substantially – up 17 percentage points from 2024. Read the full State of the Market report: https://lnkd.in/e8bZn7tQ #RealEstateTrends #MarketInsights #CommercialRealEstate #MultifamilyHousing
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Commercial Property Executive covers DLA Piper’s State of the Market report, highlighting industry outlook pre- and post-tariff announcements in a recent article: https://lnkd.in/epqgdew8 See the full State of the Market Report: https://lnkd.in/gGGZ_3PD
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The most attractive markets for real estate investment are shifting. Southern metros dominate, and Midwestern cities are seeing a significant jump in interest—up from 25% to 66% in the past year. Read the full State of the Market report: https://lnkd.in/gGGZ_3PD #RealEstateTrends #StateOfTheMarket #CommercialRealEstate #CRE #GrowthMarkets
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Although US trade policy and tariffs have sparked concern among many real estate leaders, underlying market fundamentals continue to present attractive investment opportunities. Read the full State of the Market report: http://spr.ly/604745BEz #RealEstateTrends #StateOfTheMarket #CommercialRealEstate #CRE #Tariffs
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In the latest installment in our series, partner Stacy Osmond discusses key financeability and saleability issues in hyperscale lease negotiations. Watch the full video on the Data Center Insights series page: http://spr.ly/60414bJo9 #Hyperscale #HyperscaleLease #DataCenterLease
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Highlights from Datacloud Global Congress in Cannes! Our Global Data Centre team had an incredible few days last week reconnecting with clients in Cannes. It was fantastic to discuss the latest updates in the data centre market. Top takeaways from our discussions: 1. Concerns about power connectivity 2. How AI is driving demand for data centres 3. Key growth markets What does this mean for you? Dive into our latest report, Navigating Global Growth in Data Centres - Riding the AI Wave for detailed insights: https://lnkd.in/eJWX3iTu We can't wait for Datacloud Global Congress 2026! #DatacloudGlobalCongress #DLAPiperRealEstate #RealEstate #DataCentres #AI
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DLA Piper Real Estate Sector reposted this
LANDLORDS BEWARE, TENANTS BE AWARE A significant decision was handed down last week which could have wide ramifications for landlords and tenants across the country. It relates to what a landlord is able to recover from its tenants through insurance rents, particularly with regards to circumstances where the landlord includes a "landlord commission" when placing an insurance policy. We set out the background and some key points to note following the judgment in this article. #DLAPiperRealEstate #RealEstate #PropertyDisputes