Freeths LLP

Commercial property.

Patrick specialises in many aspects of commercial property with particular expertise in commercial landlord and tenant, freehold acquisitions and disposals, developing out sites and all aspects of property portfolio management. He deals with a variety of complex commercial transactions including conditional contracts and options, sales and leasebacks, corporate support transactions and secured lending. Patrick deals primarily with industrial/warehouse sites and office blocks and his clients include landlords and tenants, property investors and occupiers, developers, banks and pension funds. While Patrick has a very strong landlord following he also acts for tenants on some of the most prominent business and industrial parks in the UK. Patrick also acts for one of the major Oxford University institutions on its property portfolio management and acquisitions of office and warehouse accommodation. Some examples of Patrick’s recent experience are: acting for landlords on general portfolio management issues such as lease renewals, termination notices, negotiating new leases, licences to assign/alter/change use, variations, surrenders, rent deposits, rent reviews and advising on dilapidation issues. Patrick also acts for many tenants on their own property portfolios, ie acting for a tenant this year on a 10 year lease of industrial premises at an annual rental value of £1.7m conditional plus valuable landlord’s and tenant’s works; complex disposals and leasebacks for sellers requiring capital and also disposals and leasebacks involving Heritage Fund grants and SIPPs; secured lending for banks and also acting for landlords on corporate refinancing of commercial property portfolios including a recent refinance of 30 industrial units over four sites.

Trained at Rawlinson and Butler, qualified 1998. Partner at Henmans 2007-date.