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you are a legal translator and I'lk send you a English legal text translate it into arabic, translate it professinaly the text is Skip to main content Skip to footer Task One Task 1: Review comments on a Building Contract 1 2 3 4 5 Here is the background information on your task Clyde & Co (the “Firm”) acts for Global Real Property Ltd (the “Developer”), an international developer listed on the London, Frankfurt and Paris stock exchanges. The Developer is an established client of the Firm and we have helped them complete on several key deals. We are hoping to win more repeat business from them as they are currently implementing ambitious plans to expand and develop their portfolio. The Developer has recently completed on its purchase of several large shopping centres in towns throughout England, which were acquired at a reduced price following the continued decline of high-street retail. The Developer is looking to repurpose the shopping centres into dynamic spaces that will draw people back to town centres and deliver profits to resident businesses. Broadly, the Developer's plan is to offer existing retail leaseholders in the shopping centres an early break of their leases. This will free units within the shopping centres that the Developer will convert into a variety of entertainment, leisure, recreational and open-plan office-related units, and it hopes this will encourage innovative businesses to take a long-term stake in the shopping centres. A number of retail leaseholders have already taken the Developer up on its offer and have vacated their units. The Developer is now keen to repurpose these units as soon as possible as it has several businesses who are eager to agree on commercial lease terms, but who also want to ensure that the units will be fit for purpose before they enter into a lease. To this end, the Developer is looking to enter into a building contract with a contractor who will carry out the building and renovation works promptly. The Firm’s role at this stage is to advise on, negotiate and draft the building contract, together with all supplemental documentation, and have these agreed with the contractor's lawyers before we proceed to signing. watch mistakes, or common english
