David is a real estate lawyer with broad experience of acting for developers, end users, investors and funders. With a particular focus on residential development, housing and regeneration work, he advises on acquisitions, development and disposals, including site assembly, pre-lets, strategic and immediate use options and complex conditional contracts with overage, planning and development obligations. Part of Shoosmiths’ social housing real estate team, David works with specialists throughout the firm to advise registered providers, developers and funders on all aspects of affordable housing, helping clients to manage risk in a complex regulatory and funding environment.
His recent experience includes advising:
- a major regional housebuilder on a program of strategic land options and regears to deliver their development pipeline, including single-take schemes, phased drawdown sites, and hybrid option-promotion agreements;
- various commercial lenders on a range of asset management and lending instructions to registered providers, including portfolio charging and review work;
- a registered provider on the negotiation and regearing of a phased drawdown development agreement for more than 130 units, including the eventual termination of the agreement post-long stop date with recovery of deposit monies;
- a registered provider on the acquisition of mixed-tenure affordable plots within a larger development of their land including secured development obligations and open market sales overage provisions;
- a registered provider on the drafting of an innovative tenure structure based on traditional shared ownership leases, allowing them to release stock into the market for sale while mitigating carrying costs for void and short-term leases.
David studied at the Universities of Manchester and Wales (Bangor), and the College of Law, joining Shoosmiths in March 2007. His pre-qualification experience includes 12 years' managing a commercial occupational portfolio for a major national stockbroker, dealing with acquisition, active asset management, and disposal work across the UK.