Fortune Favours The Brave
It is an inevitable consequence of a difficult economic climate that some developments will falter when only part complete. Our experience from previous recessions is that, at some point during the economic cycle, these sites will fall in value to a level where they again become commercially attractive. These sites will usually benefit from planning permission (assuming the developer did not start without) and there is potential to capitalise quickly on the return of increasing land values, especially where the construction may be capable of immediate recommencement.
In May 2008, international law firm Hammonds became a limited liability partnership. Hammonds LLP and its affiliated undertakings has offices in Birmingham, Leeds, London and Manchester in the UK, and in Berlin, Brussels, Beijing, Hong Kong, Madrid, Munich and Paris.