Real Estate
"provide tailored advice because they have a breadth of knowledge of our business activities that is second to none." Chambers and Partners guide to the legal profession 2008
Staying ahead of a changing market
Since summer 2007, those involved in the property industry have seen a dramatic transformation as almost 15 years of constant growth came sharply to an end.
Even so, according to the British Property Federation the UK property sector is six times larger than agriculture, more then twice the size of the oil industry and outstrips the values of banking, leisure, transport and communications sectors.
Faced with such a dramatic change, property businesses more than ever need focussed support from their legal advisors. Bond Pearce's established real estate group has adapted in order to ensure that their team of specialists continue to provide the right advice.
"It's a dedicated team that meets the demand for experienced lawyers who understand the changing needs of the industry," Ian Dunn, the real estate sector leader, says.
"The need for this expertise has never been greater. It is a truism to say that business want lawyers not just to provide legal expertise but to understand the industry and the context in which their client is working."
Bond Pearce's specialist team looks beyond the conventional confines of legal advice.
"For example, in the current market a fund may want pre-emptive assistance in coping with tenant failures. We have been holding surgeries with our clients to take them through what they might do before it is too late.
Similarly, a developer will often require more than a property specialist for site acquisition" Ian says.
"They'll also need someone who knows the ins and outs of a ownership structures, as well as an expert who can provide trademark advice on setting up a website to promote the scheme.
Bond Pearce's young, dynamic team members have a thirst for delivering results on complex high value deals and have attracted an increasing volume of business.
Typical clients fall into three categories - local, regional and national developers, investors with a lot size of anything from £1 million to £20 million plus and regeneration specialists spearheading the transformation of large brownfield sites.
"We've forged good and fruitful links with developers, surveyors and investment fund managers," Ian says.
"The diverse range of work which we have undertaken over the past five years put us in a very strong position to work with clients whatever they decide to do in the current challenging circumstances."
