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Overview

Farrer & Co | Tom Homfray, Associate

Practice areas

  • Commercial Real Estate

Tom advises clients on commercial property matters including urban extensions, mixed-use developments, investment acquisitions and disposals, property finance, and landlord and tenant management issues. His approach is based on understanding the commercial rationale behind a client's objectives, to achieve the desired outcome as efficiently as possible.

Tom is an Associate in the Commercial Property Team. With property at the forefront of political and economic policy, Tom embraces the breadth and diversity of his practice area. His practice is based on a genuine interest in the evolving property landscape, ensuring that the current and future nuances of each transaction are understood and taken into account.

Tom has worked on a wide variety of property matters. On the development side, he has advised on the delivery of significant, regional urban extension schemes as well as inner-city developments. He enjoys working closely with both landowners and developers to achieve the desired result.

In terms of investment transactions, Tom has acted for buyers and borrowers, sellers and lenders on a broad spectrum of acquisitions and disposals, with the investment asset ranging from prime central London buildings to regional industrial estates. He acts for an assortment of investment funds, high net worth individuals and landowners.

The remainder of Tom's practice is largely made up of Landlord and Tenant management work, advising clients throughout the country on office, retail and industrial lettings. Recently, he has advised several leading financial institutions on the relocation, and sometimes redevelopment, of their London offices.

Tom prides himself on being able to find solutions, and deliver high-quality advice, under pressure. He strives to achieve the best possible result for clients consistently, working with a team of enthusiastic and talented colleagues. Clients appreciate Tom's diligence, commitment and good humour.

Expertise

    • Ongoing advice in relation to the delivery of the Poundbury development in Dorset, the flagship urban extension of His Royal Highness The Prince of Wales. The scheme involves unique design and sustainability criteria and is widely recognised as a successful alternative development model for urban extensions. Recent work has included the completion of development agreements relating to the next phase of the development, involving the delivery of approximately 350 private and affordable units.

    • Advising on the sale of Strutt & Parker to BNP Paribas, specifically with regard to the assignment of a portfolio of 52 leasehold interests. These interests had to be transferred within a specific period of time, conducting simultaneous negotiations with a large number of landlords.

    • The renewal of three high value leases in a prime central London building to a leading hedge fund, with related wholesale redevelopment works. Again, the matter involved tight deadlines, stepped completions as to works, and funding complexities.

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