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Five factors shaping the future of landed estates: insights from James Liffen and Idina Glyn

Posted on 2 May 2024

The landscape of landed estate ownership is undergoing significant changes, influenced by a variety of factors including new legislation, environmental challenges and evolving ownership patterns. To coincide with the launch of the Landed Estate Lawyers Index 2024, industry experts, including two from Mishcon de Reya, weighed in on the future of these historic properties.

James Liffen, a Spear’s Top Flight property lawyer and Partner at Mishcon de Reya, has observed a shift in estate ownership towards the global elite. He commented: "During the course of my career, I have seen a trend away from owners with those local ties and towards the acquisition by the global elite whose reasons can range from the diversification of their business interests to a lifestyle choice."

Idina Glyn, also a Partner at Mishcon de Reya, highlighted the aspirations of younger landowners who are eager to redefine the identity of their estates. She commented: "They see the estate’s potential as a destination, selling a lifestyle and not just a selection of tenants’ businesses and let farms. Brand, reputation and ESG matter, as does the family’s privacy and defending that in the press."

The article also touches on the challenges and opportunities presented by legislative changes, diversification, climate change and a shortage of talent in estate management. Both Liffen and Glyn emphasised the importance of innovation and adaptability for estate owners in navigating these evolving landscapes.

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