Break Clauses in Leases – What do they do?
In leases, break clauses serve as crucial provisions that provide flexibility for both landlords and tenants. These clauses allow either party to terminate the lease before the expiration of the fixed term, subject to certain conditions and notice requirements. Break clauses are regulated by specific laws and have implications that both parties should carefully […]
Termination of Leases in Scotland – The Current Law & Potential Reforms
The termination of leases in Scotland has been the subject of some discussion and, at times, can cause confusion, specifically the common law doctrine of Tacit Relocation. Tacit Relocation means that a lease will be automatically extended beyond its natural expiry or end date when the appropriate termination notice or notice to quit has not been […]
Ways we can make cities and town centres USEful again!
There has been some discussion within the Scottish Government about the introduction of a single Use Class for premises within cities and town centres. The hope is that it will rejuvenate and encourage people to spend more time and invest in town centres, particularly after the Coronavirus pandemic. In this blog I touch on […]
The 2023 business rates revaluation for commercial properties
Business Rates And Revaluation Business rates, also known as non-domestic rates, are taxes paid to the Scottish Government on the right to use and occupy commercial property. Business rates are based on the rateable value of a property. It is the Independent Scottish Assessors that determine this rateable value. To calculate the amount paid […]
Plans lodged for Edinburgh Green
Plans have been lodged in Edinburgh for a campus-style office development with a major focus on wellbeing and sustainability. The proposed site for Edinburgh Green is set within the existing site of Drummond House and the Younger Building in Edinburgh Park. London-based property manager Shelborn Asset Management has filed plans with Edinburgh City Council […]
Plans Lodged For Shawlands Arcade Multi-Million Pound Regeneration Project
Planning applications have been lodged with Glasgow City Council in conjunction with the £150 million redevelopment of Shawlands Arcade on Kilmarnock Road in southside. Planning has been submitted by the Arcade’s owners Clydebuilt, a property investment and development fund co-owned by Strathclyde Pension Fund and Ediston Real Estate. The plans propose a mixed use […]
Back in business – the returning demand for office space in the Central Belt
The impact of COVID-19 and the subsequent lockdowns has resulted in an unprecedented shift by employers towards adapting a more flexible working policy. Whilst many companies have now enacted formal hybrid working policies and appear to be moving away from the traditional office unit set up, Scottish commercial property has had its best first […]
Changing retail habits: the end of an era for traditional shopping
The impact of COVID-19 has undoubtedly accelerated a shift in consumer behaviour towards online shopping. This increase has resulted in an unprecedented time for traditional shopping centres like Buchanan Galleries and the St Enoch Centre, with many shoppers now opting to do the majority of their shopping from the convenience of their own home. […]
The ‘hot’ topic- Energy efficiency and its growing importance in the Commercial Property Sector
The sharp rise in energy costs has undoubtedly been one the major talking points of 2022 so far. The hike in prices has not only been felt by home-owners, but also by commercial property proprietors and tenants alike. With no sign of energy prices falling, the energy efficiency of commercial buildings is becoming an […]
“The Winds of Change” – The ScotWind Programme
On Monday 17th January, Crown Estate Scotland (the Scottish Government Corporation responsible for management of property in Scotland owned by the monarch) announced that 17 of 74 bidders had been successful at this stage of the ‘ScotWind’ programme. The successful bidders have been granted an opportunity to take the lead in the development of […]