David Pettingale
David Pettingale helps clients to transact real estate business of all kinds, whether as seller or buyer, landlord or tenant, developer or investor.
David's many years of experience for a wide range of clients mean that he is ideally suited to address the technical demands of complex transactions and also to manage the commercial sensitivities of challenging negotiations.
A collaborative approach is often the key to a successful outcome and his ability to reconcile the needs of the respective parties while keeping focus on the overall goal has enabled David to play a key role in helping clients deliver major and long term projects.
As an ardent cricket fan David was delighted to contribute to the redevelopment of Edgbaston International by concluding the negotiations with Calthorpe Estate that modified restrictive covenants affecting the site to the extent necessary to allow the re-development to proceed. The project involved a detailed technical analysis of the underlying legal position to inform the commercial negotiation and a resolution (after some delicate negotiations) ultimately to the satisfaction of all parties.
Clients
US based investment funds, local authorities, house builders, corporate users, property investors, property developers and landowner groups.
Experience
Acting for a consortium of landowners in a series of promotion and landowners' agreements to facilitate a 3,200 home strategic extension to the east of Wellingborough.
Acting for Hines-Moorfield on key transactions at Brindleyplace in Birmingham including the letting of the car park building to Q-Park (on a lease which is effectively a car park management and income sharing arrangement) and the letting of the whole of Building Five to Deutsche Bank.
Acting for developer Castlemore Securities for over a decade in connection with the Temple Quay development (adjoining Temple Meads railway station) in Bristol. Initially acting under an umbrella agreement with South West of England Regional Development Agency the developer implemented schemes on a plot by plot basis and completed whole building lettings to a number of high profile entities. The relationship developed to allow Castlemore to complete the outright purchase of subsequent phases.
Setting up the development framework for Blythe Valley Business Park, Solihull within which the development partners were to operate, protecting the seller's retained financial interest and ability to approve development proposals.
On behalf of Warwickshire CCC leading the delicate negotiations with Calthorpe Estate for the modification of restrictive covenants affecting the Edgbaston cricket ground to enable the Edgbaston International development to proceed.
Acting for the Olympic Park Legacy Company in concluding the arrangements for the transfer of ownership of the Olympic site from London Development Agency and for the hand back of venues by the Olympic Delivery Authority following the 2012 Games.