Anthony Harris was recently instructed by a new property developer client on the issue of acquiring risk funding from outside investors.
The challenge
The outside investors required priority payments and security that the development would be completed within budget and that the developer would perform its development obligations.
How we helped to find a solution
We negotiated a position with the investors to reduce obligations on the part of our developer clients in relation to planning permission, content of the permission, costs of development and cost overruns.
What was the outcome?
Our client’s risks were reduced which incentivised them to work harder on the development for the benefit of all parties.
Anthony Harris heads up our Corporate and Commercial team. Anthony would be delighted to discuss your enquiry and provide a full and transparent estimate of the likely costs of helping with a corporate or commercial law problem. Remember you can join us for a coffee and we will provide 30 minutes initial legal advice free of charge and without obligation.
For further details please contact:
Mr Anthony Harris: Collins Benson Goldhill LLP, 26-28 Great Portland Street, London W1W 8QT
Telephone: 020 7462 6027 or 020 436 5151
E-mail: a.harris@cbglaw.co.uk