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A summary of recent developments in the real estate sector impacted by COVID-19 including landlord and tenant impacts and the future of the workspace, the implications of the increasing use of drones, and the impact of Japanese knotweed in UK property transactions.
Over the past year, we have considered the government measures brought in to support tenants and businesses affected by the COVID-19 pandemic.
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
This year’s Queen’s Speech outlined the UK Government’s plan to 'level up' opportunities across all parts of the UK, supporting jobs, businesses and economic growth, and addressing the impact of the pandemic on public services.
With non-essential shops now open, the future of the workplace remains at the forefront of employers and employees minds. The emphasis of remote working with limited need to be in the office may pose serious questions on the requirement to retain premium office spaces.
We are delighted to announce that Kennedys Legal Solutions, via our joint law venture partner Legal Solutions LLC, acted on the recent sale of Maxwell House, which was sold enbloc for SGD 276.8 million.
Kennedys has promoted ten lawyers to its partnership. Four of those promoted are based in the UK, with six in the US. Kennedys’ worldwide partner count is now 280.
Further to our earlier article on the impact of drones on the real estate sector, we consider the red tape surrounded by the use of drones and the wider implications on operators and pilots.
We highlight the impacts of Japanese knotweed to buyers, sellers and lenders in UK property transactions arising from the House of Commons Science and Technology Select Committee's 2019 report. We also consider the latest findings released by Defra (Department for Environment, Food and Rural Affairs) in September 2020 on the international approaches to Japanese knotweed.
Kennedys has relocated its Manchester team to new premises in the city following further expansion in the team. Kennedys opened in Manchester in October 2008 with a team of 12 and in October 2016 the team moved to larger premises in The Tootal buildings.