Related insights: Real Estate Finance
Biodiversity net gain – does it matter to a lender?
19 Oct 2023
What does BNG mean to you as a lender? The answer is it will depend on who your borrower is.
Construction will build up biodiversity
19 Oct 2023
The Environment Act 2021 introduced significant changes for the construction industry, and it will also mean additional considerations for lenders choosing to fund construction projects. From January 2024, the new 'Biodiversity Net Gain' (BNG) requirements will apply to projects requiring planning permission with limited exemptions for small sites, which are expected to require BNG from April 2024, and DCOs, where BNG is expected to be implemented in 2025.
BNG should be at the forefront of developers' and key stakeholders' (including lenders') minds when considering developing or funding projects.
BNG should be at the forefront of developers' and key stakeholders' (including lenders') minds when considering developing or funding projects.
Building Safety with Womble Bond Dickinson
01 Oct 2023
Sweeping changes, on a scale never seen before, are being made across the entire building regime.
Learn more about Building Safety at Womble Bond Dickinson - and how our team of lawyers stay up-to-date on building safety developments across a number of sectors and practice areas.
Learn more about Building Safety at Womble Bond Dickinson - and how our team of lawyers stay up-to-date on building safety developments across a number of sectors and practice areas.
New report: How ESG principles are impacting on companies in the UK built environment
16 Jun 2023
Womble Bond Dickinson commissioned the Cambridge Centre for Housing and Planning Research to conduct a desk-based, evidence-rich review that focused on real estate and particularly the housebuilding, banking and investment sectors. The outcomes have recently been published in our report.
Womble Bond Dickinson advises Hearthstone Investments on double acquisition
14 Jun 2023
International law firm Womble Bond Dickinson (WBD) has advised Hearthstone Investments’ private equity fund, Hearthstone Residential Fund 2 (HRF2), on two recent acquisitions.
What is sustainable finance?
13 Jun 2023
Environmental, Social and Governance (ESG) first appeared in a 2004 report by the UN-Global Compact which argued that how companies manage their environmental, social and corporate governance issues is an indicator of their management quality. It also argued that companies that take these issues seriously can simultaneously increase shareholder value and contribute to sustainable development.
Why assignment provisions in construction contracts can make all the difference to lenders
09 Jun 2023
Assignment provisions are often found in construction contracts, including collateral warranties, and they are used to transfer the benefit of a construction contract from one party to another. When providing development and real estate finance, there are a number of issues lenders need to consider in relation to assignment of construction documents as part of their overall security package.
Expanding federal and state restrictions on foreign investment in U.S. real estate
15 May 2023
With significant press coverage, Florida Gov. Ron DeSantis recently announced that the state would limit the ability of certain non-U.S. persons, businesses, and governments from acquiring agricultural land in Florida. Florida is not alone in taking action to limit foreign acquisition of real estate within their borders.
Expanding federal and state restrictions on foreign investment in U.S. real estate
15 May 2023
With significant press coverage, Florida Gov. Ron DeSantis recently announced that the state would limit the ability of certain non-U.S. persons, businesses, and governments from acquiring agricultural land in Florida. Florida is not alone in taking action to limit foreign acquisition of real estate within their borders.
Building Safety Act 2022 – Highlights for lenders
15 Jan 2023
The Building Safety Act received Royal Assent on 28 April 2022 bringing some of the biggest changes to the construction industry in recent history. This may result in increased risk and cost to developers as well as delays to typical construction programmes. While a lot of the final detail is yet to be provided through secondary legislation, some changes came swiftly into force, and other proposed changes need to be considered now.
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