BOOK NOW FOR PRE-AGENDA RATE:
We will be delighted to welcome you to No.11 Cavendish Square for the annual ALEP Lecture, which, as always, will offer practical and expert guidance for practitioners working within this niche sector.
The title of the 2019 Lecture is 'Up on the Roof' - Developing Development Value
The prospect of further relaxation of the planning regime and the original commitment given in the Government White Paper - ‘Fixing Our Broken Housing Market’ has culminated in a range of measures to encourage local authorities to permit development in or on existing buildings.
The government’s recent technical consultation, which closed on 14 January 2019, was entitled 'Planning reform: supporting the high street and increasing the delivery of new homes', which includes a proposal for a new permitted development right to support housing delivery by extending buildings upwards to create additional new homes.
In addition, technical changes mean that developments are now often physically possible in situations where they might not have been possible in the past.
Reports such as the Knight Frank ‘Skyward’ report have identified the potential for development of perhaps as many as 41,000 new developments at roof level with a potential value of some £51 billion.
The technical challenges of creating and reserving value in these situations could now mean that the owners of assets where this type of development might be possible will want to look at their assets in a new light.
Leasehold practitioners will be well aware of the areas of dispute that can arise in practice around the creation, reservation and acquisition of value in respect of airspace areas, along with leases of basement areas and subsoil areas. In particular, we have the recent Upper Tribunal decision in Queen Court  UKTU 0367 (LC) and there are a number of other recent cases that concern these issues.
The ALEP Lecture 2019 brings together these themes and will focus on current market conditions, the position under planning and the legal possibilities of creating and/or acquiring these interests for what promises to be a lively and topical discussion.
Knight Frank's Geospatial Team and Barristers Mark Loveday and Piers Harrison of Tanfield Chambers.
Places are limited.
To attend the ALEP Lecture 2019 - including tea and coffee on arrival and a networking lunch – costs:
- £136 (Ex. VAT) for members
- £196 (Ex. VAT) for non-members
Book by Friday 1 February for this discounted rate!
Three hours of CPD are available.
Book now to secure the pre-agenda rate!