Case Study: Construction Project - Forbes 1848.

Our Construction Team advised the developer of the Forbes 1848 development on the construction law aspects of this project.

Forbes 1848 is a mixed-use development in Devil’s Tower Road, Gibraltar consisting of 82 luxury apartments and providing private and public amenities including a health club and swimming pool. 

Our Construction Team’s advice included:

1. advising on the provisions of the building contract that was entered into between the Contractor and the Developer; 
2. advising on the provisions of the documents required to be given by the Contractor as performance security for its obligations under the Building Contract, and
3. advising on the terms of engagement of the various consultants to this project including associated collateral warranties.

Our team negotiated the provisions of the abovementioned documents on behalf of the Developer with the Contractor and with the Funder’s legal team and facilitated the financing transaction for the construction of this development. This development completed in 2022.

Our Construction Team has advised on the construction law aspects of most major developments in Gibraltar. 

We regularly advise developers on the provisions of the various construction documents required for a real estate development project in Gibraltar. This includes drafting amendments to the standard form building contracts and assisting with the drafting of the deed of appointments for the consultants to the relevant project together with the related collateral warranties. 

In addition, we are regularly asked to draft the provisions of various ancillary documents such as performance bonds, retention bonds, advance payment bonds and parent company guarantees.

We understand the intricacies of the construction industry in Gibraltar and tailor our advice accordingly. Further, we are experienced in acting for developers where a Funder is involved or will be involved at a later stage in their project. We are therefore able to anticipate the Funder’s requirements as to the provisions of the various construction documents for the project which helps facilitate the financing transaction. 

Photo Credit:   Ramboll / Gamma Architects