Claridges going to minus 5 in London.  With the scramble for prime space getting ever more desperate in major cities, there is an increasing tendency to look down into basements for expansion opportunities.  Whilst Claridges might be a high profile example, we are seeing this happening in new development planning all over Dublin too.  Basement services and car parks are getting deeper and more elaborate.  They bring with them drafting challenges and problems for lawyers.  If the structure cracks, who is responsible?  The management company?  Good luck finding a deep pocket there!

As projects go underground, I can see PI cover for professionals going through the roof!  The only solution will be owner-controlled insurance policies to make sure the huge risks with these sites are properly managed and covered.  Let's watch with interest...