Neil Toner

Neil Toner

Partner Head of Real Estate


Areas of Expertise

Neil acts on the full range of issues that arise on property acquisition, development, disposal and beyond. He works with clients from initial heads of terms discussions, through project delivery to commercial property portfolio management. That takes in issues including JV structuring, planning, rights to light and other knotty title problems, long term environmental and ecological liabilities, development agreements, commercial lease disposals and grant funding.

Over the last twenty years Neil has worked with a range of clients including Registered Providers (such as Hyde, Southern and L&Q), private developers (such as Bouygues and Mulalley), Local Authorities (such as Woking and Havering), Academy Schools (such as Ark and Future), utility companies (such as EDF and UKPN) and commercial end users such as Agilent Technologies and OMX (the ‘Swedish Stock Exchange’).


Experience

Prior to joining Devonshires Solicitors as our Head of Real Estate, Neil was with Lewis Silkin LLP, having joined them as a trainee in 1989 and worked his way up to partner and Deputy Head of their Real Estate & Development Department.


Publications

Neil has had articles published in magazines ranging from Estates Gazette to the Local Authority Waste & Recycling Magazine. He writes our monthly ‘IT’S THE LAW’ publication.


Education

Neil graduated from Essex University with an Economics BA, before completing his CPE and Law Society Finals at the College of Law in Chester.


Personal

Neil was born in California, educated in Oxfordshire and now resides in London. His favourite place on earth (when not at his desk drafting a development agreement) is a toss-up between the bar of the Dylan Hotel, Amsterdam and the Grand Canyon (South Rim).


Professional Membership

Neil is a member of UKELA (the United Kingdom Environmental Law Association), a member of the Bermondsey Group and former Board member of Future of London. His membership of the British Overseas Airways Corporation Junior Jet Club lapsed when he was 5.

Testimonials


Get in touch


020 7065 1823
neil.toner@devonshires.co.uk
LinkedIn
London Office
Devonshires Solicitors LLP
30 Finsbury Circus
London
EC2M 7DT

PA: Lynsey Thompson
020 7880 4259
lynsey.thompson@devonshires.co.uk

Notable Cases

Neil acted for Bouygues, on their London Road (Barking) mixed use project. The scheme delivers 100 Private Rented Sector flats, a 40,000 sq ft ASDA Supermarket, a number of smaller retail outlets and a new public square. Neil drafted and negotiated an acquisition and development agreement with the landowner (London Borough of Barking and Dagenham), a development and lease agreement with ASDA, an investment agreement for the supermarket reversion with Aviva and an agreement for lease with Grainger PLC for the PRS stock. Neil’s broad experience, spanning both housing and commercial property, assisted in ensuring that the competing stakeholders in the project all ended up with a scheme that worked for them.

Neil led the team implementing the property separation arrangements in one of the UK’s largest ever corporate demergers with a total consideration on excess of $5billion.  Neil’s work centred on the transfer of just over 3,000 properties over an 18 month period. Other advice provided by Neil during that period included commercial leaseholder security of tenure issues, on-going environmental liabilities, tunnelling project advice and residential tenants’ ‘rights of first refusal’ under the Landlord and Tenant Act 1987.

Neil acted for Family Mosaic Housing in connection with their phased conditional development agreement for the Heathside and Lethbridge Estates in Lewisham. The transaction involved discounted land being provided by the London Borough of Lewisham and grant being provided by the HCA in return for an equity stake in the 1,300 unit development being delivered by Family Mosaic. Neil’s work started with assisting Family Mosaic to finalise the Heads of Terms with Lewisham and included resolving various title issues, negotiating the conditional phased development agreement and drafting JV contracts with a private developer for joint delivery of a number of the Phases. Neil’s economics background came in handy when drafting the grant of equity provisions based on a financial viability model with surpluses and deficits cascading down through the 10 year phasing.

Neil acted for a charity which owns and operates a number of historic buildings of religious significance in preparing a ‘memorandum of understanding’ to encompass provisions covering issues as diverse as maintenance inspections through to the fees to be charged for human burials.

Neil acted for Wandle Housing Association on the agreements relating to the relocation and subsequent monitoring of a population of slow worms. It was a project which encapsulated Neil’s motto for development transactions which is ‘expect the unexpected’.

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