David William John Bell

Harper Macleod LLP

David acts for both public and private sector organisations in relation to sales, purchases, leases and general estate management work, including the Home Office, the Registers of Scotland, the Care Inspectorate, JD Sports, Caffe Nero, William Hill, Kiko Milano and Dulux Decorator Centres.

High profile transactions include:

The sale of Princes Square Speciality Shopping Centre, Glasgow and the adjoining Guildhall office development on behalf of Clerical Medical Investment Group Limited and Britel Fund Trustees Limited (Â£107m).
The acquisition of the Cerium Building, Glasgow on behalf of Rreef Investment GmbH (Â£21m).
The acquisition of Princes House, Glasgow on behalf of HansaInvest Hanseatische Investment GmbH (Â£16.6m).
The sale of Thistle Marches Shopping Centre, Stirling.
The purchase of Quartermile 2 office development, Edinburgh for AFIAA Scotland AG (Â£23m).
The acquisition of a large number of high value investment properties for clients of CBRE Global Investors Limited.

David is a Law Society of Scotland Accredited Specialist in Commercial Leasing.

Qualifications: LLB (Hons) Dip LP Qualified: 1988 Joined the firm: 1998

Contributed to

2

Alteration provisions in commercial leases in Scotland

Practice notes

This Practice Note sets out the basic law on restrictions on carrying out alterations, landlord consent for alterations, reinstatement at lease expiry, consents, insurance and improvement and considerations when drafting fitting out licences and licences for alteration in relation to commercial leases in Scotland.

Property

Rent and rent review in commercial leases in Scotland

Practice notes

This Practice Note sets out the basic law on rent and rent reviews in Scottish commercial leases including the right to interest, VAT treatment of rent, different methods of reviewing rent, the effect which onerous lease provisions can have at review and examining when a rent review clause might be void due to uncertainty. It also briefly notes the situation where a landlord might be treated as having waived its right to review the rent. The Practice Note does not apply to agricultural tenancies which are subject to different statutory rules.

Property