2017

Update on the new register for trusts

HMRC recently issued an updated set of FAQs regarding the new online Trust Registration Service (TRS) and the information that certain trustees are required to maintain and report.

John Lewis logistics pre-let agreed in Southampton

Forsters has advised developer Peel Logistics Property, together with funding partner Rockspring Property Investment Managers, on the first pre-let at their urban logistics development known as South Central in Nursling, Southampton.

Patrick Harney to speak at the ITI/STEP Seminar

Head of Private Client, Patrick Harney, will present at the Irish Institute of Taxation/STEP Seminar 2017 taking place on 1 December in Dublin.

The seminar is covering Cross-border Succession Planning and Revenue Interactions and Patrick will present recent updates, inheritance tax planning, problem areas and UK implications based on a UK/Irish case study.

LaSalle acquires development site in Havant

Forsters has advised LaSalle Investment Management (“LaSalle”) on the purchase of a 4.85 acre development site known as Velocity and located on Stanbridge Road in Havant.

Forsters act on Network Portfolio Sale

Forsters has advised Brookshire Capital LLP on the portfolio sale of three single let south east industrial assets.

Development of Clock Tower Retail Park reaches completion

Forsters is advising a fund managed by Aberdeen Standard Investments (ASI) in relation to the redevelopment of an 11-acre site in Chelmsford. Together with development partner, Exton Estates, ASI is developing a 175,000 sq ft retail and industrial park on the former Britvic factory site.

Autumn Budget 2017 - Private Client highlights

Last week, the Chancellor delivered the Autumn Budget. The new timetable, which has seen the Budget move from the spring to the autumn, means that proposed changes will be legislated before the start of the tax year.

Forsters advises Warner Bros. on major new London studio

Forsters has advised Warner Bros. Studios Leavesden Limited on the relocation of its award winning audio post production house, Warner Bros. De Lane Lea (WBDLL) to a brand new home in Soho.

Patrick Harney to speak at the Transcontinental Trusts: International Forum 2018

Head of Private Client, Patrick Harney, will present at the Transcontinental Trusts: International Forum taking place on 4-5 June in Bermuda.

Transcontinental Trust is expected to attract over 250 trust and estate professionals.  Patrick will present on the subject of “Latest planning tips and traps for UK RND clients and their trustees”.

Rights to light: Whose right is it anyway?

Establishing how many occupants of an injured building enjoy rights to light is not only fundamental to the formulation of a developers’ rights to light risk management/elimination strategies, it is also a major consideration for those pursuing rights to light claims, who may not necessarily wish to share their compensation.

Forsters advise on strategic industrial letting

Forsters has advised clients of Rockspring Property Investment Managers LLP ("Rockspring") in relation to the letting of a newly refurbished storage and distribution unit to haulage and logistics specialists, PRS Distribution Limited.

New register for trusts

In June 2017 the Government enacted legislation which imposes significant obligations upon trustees to collect, maintain and disclose information about trusts and related individuals, such as the settlor and the beneficiaries.

Patrick Harney to speak at the 2017 Delaware Trust conference

Patrick Harney, Head of Private Client, will present at the 2017 Delaware Trust conference taking place on 24-25 October.

We are sleeping out for Centrepoint

For the 11th year, Team Forsters will be participating in the annual Centrepoint Sleep Out. We are a team of six partners who are doing this to raise money needed to help young people who have little or nothing and urgently need our help.

Jo Edwards to speak at International Private Client Forum 2017

Legal Week's 15th International Private Client Forum takes place on 2-4 November 2017 at the stunning Villa d'Este on Lake Como, Italy.

Forsters advise on sale of the Interchange Building, Croydon

Forsters has advised Canmoor and CarVal Investors on the sale of an extensively refurbished 180,000 square foot landmark office building, the Interchange Building in Croydon. It was acquired by CCP 5, the new perpetual core plus fund advised by pan-European real estate investment manager Tristan Capital Partners, from a fund advised by CarVal Investors.

Changes to the taxation of non-UK trust - Round two

It has been more than two years since the government launched the most far-reaching review of the taxation of non-UK domiciliaries since 2008.

The proposals included reforms to the deemed domicile rules, changes to the inheritance tax treatment of UK residential property-holding structures, and anti-avoidance measures affecting the tax treatment of non-UK trusts.

Patrick Harney and Emma White to present at STEP NY and STEP Miami

Patrick Harney and Emma White have been invited to present an update on the UK Non-Domiciliary rules by STEP New York (27 September) and STEP Miami (25 September).

Patrick Harney to speak at the US UK Tax & Estate Planning Conference 2017

Patrick Harney, Head of Private Client, will present at the US UK Tax & Estate Planning Conference 2017 taking place on 19 September.

His presentation is titled “US/UK Estate Tax Treaty – Issues that affect planning” and Patrick will co-present with Alex Jones of Frank Hirth.

Forsters appoints its first group of legal apprentices

Forsters LLP has appointed its first group of four legal apprentices, all of whom start work later this month. The new paralegal apprenticeship programme is provided as part of the government Trailblazer scheme for A level students who have a keen interest in developing a career in a legal environment without wishing to attend university.

Rockspring acquire in logistics sector

Forsters has advised clients of Rockspring Property Investment Managers LLP (“Rockspring”) in relation to the acquisition of three urban logistics assets.

Golden Cross House sold for £67 million

Forsters has acted on behalf of The Crown Estate in relation to the sale of a long leasehold interest in multi-let retail, restaurant and office building Golden Cross House on the Strand in central London.

Crown sells 10 Bloomsbury Way

Forsters has advised The Crown Estate in relation to the disposal of its freehold interest in 10 Bloomsbury Way, London for £33 million to a German investment fund.

Patrick Harney moderates US Professionals Association Summer meeting

On Wednesday 26 July Patrick Harney, Head of Private Client and the US/UK practice, will moderate the US Professionals Association (USPA) Summer meeting.

Anthony Thompson to speak at the Cross Border Planning for the Private Client – Europe conference

Anthony Thompson, Private Client partner, will present at the Cross Border Planning for the Private Client – Europe conference taking place on 28 September in London.

Non-dom tax changes will take effect from 6 April 2017

The government announced on 13 July that significant changes to the tax treatment of non-UK domiciliaries which were put on hold pending the general election will go ahead in a Finance Bill to be presented to parliament in the autumn.

Forsters succeed in Court of Appeal

On 29 June 2017 the Court of Appeal gave judgment on an interesting question of statutory construction concerning Section 9 of the Leasehold Reform Act 1967 and the Interpretation Act 1974.

Kelly Noel-Smith to speak at the annual Sanne roundtable in partnership with STEP

Private Client partner, Kelly Noel-Smith, will participate in a panel discussing topics of concern to non-domiciliairies such as the current transparency agenda, Brexit and impact of recent tax changes. 

Forsters – a leading Mayfair law firm specialising in private wealth and real estate

In March 2017, Forsters LLP, the leading London law firm, announced that fee income in 2016 – 2017 was up by 8.7% at £50.1 million and that PEP rose from £527,000 to £532,000.

Rockspring agree large letting in Leeds

Forsters has advised clients of Rockspring Property Investment Managers in relation to the letting of 46,000 sq ft in a new 70,940 sq ft Grade A office development in Leeds.

Forsters advise on Maidenhead office acquisition

Forsters has acted on behalf of Saudi Arabia-based Tamer Group in relation to the acquisition of an office building in Maidenhead, Berkshire for a purchase price of £35.4 million. The transaction was structured as an SPV share sale.

Regent Street Partnership acquires three West End assets

Forsters has acted on behalf of key client, The Crown Estate, on the acquisition of three central London properties, for a combined purchase price of £120 million.

Patrick Harney to speak at the STEP Ireland Annual Conference

Patrick Harney will present "Navigating the Anglo-Irish Minefield! UK-Irish Tax and Estate Planning after Brexit".

Patrick Harney to speak at the Tax Planning for Non Doms 2017

Patrick Harney, will deliver the presentation "Statutory Residence Test update on practical experiences 4 years’ on.

Catherine Hill to speak at the Royal Academy

Private Client partner, Catherine Hill will join Pierre Valentin from Constantine Cannon and Dr. Anna Dempster from the Royal Academy in conversation on managing an artist's estate and legacy.

Click here for more information

"Show Me The Money" conference takes place in Barcelona

Head of Dispute Resolution Emily Exton has co-produced the inaugural contentious trusts and fraud conference "Show Me The Money".

Forsters advise new client Peel Logistics Property

Forsters has advised new client, Peel Logistics Property, on two transactions in close succession in the early part of 2017.

Gowling WLG London Private Client team join Forsters

The 19-strong London Private Client team from Gowling WLG has today joined leading private client and real estate law firm Forsters LLP.

Nick Jacob to speak at the conference "Transcontinental Trust: International Forum 2017"

Nick Jacob, Private Client Partner, will present at the Transcontinental Trust: International Forum 2017 conference taking place in Bermuda on 4-5 May 2017.

Nick will present on "Family Governance".

To view the entire programme, click here.

Forsters appoints Guy Abrahams as a Private Client Partner

Forsters LLP, one of London’s pre-eminent private client firms, today announces the appointment of Guy Abrahams as a partner in its Private Client Group.

Forsters advise on portfolio sale and leaseback

As reported in Property Week, Forsters has acted on behalf of clients of Investra Capital as purchaser in relation to a Travis Perkins portfolio sale and leaseback.

Ardstone signs further tenant in Bristol

Forsters has advised Ardstone UK Regional Office Fund, managed by Ardstone Capital, in relation to the letting of part of 90 Victoria Street, located in Bristol's central office core.

Forsters welcomes leading family lawyer Rosie Schumm

Forsters LLP, one of London’s pre-eminent private client firms, today welcomes Rosie Schumm as a partner in its Family practice.

Rosie specialises in advising high net worth clients on complex divorce and financial matters, including those relating to children. Her work frequently has an international dimension, involving trusts, offshore assets and family businesses.

Landmark Lighthouse building let to VEVO

Forsters has advised UK Real Estate on the letting of the Lighthouse, London to video hosting service VEVO, as its new London office headquarters. VEVO, which is a joint venture between Sony and Universal, has taken 16,500 sq ft of new grade A office space on a 10-year lease.

Forsters advise Time Inc. UK on lease regearing

Forsters has acted on behalf of consumer magazine and digital publishing company, Time Inc. UK, in relation to the recent reorganisation of its office requirements.

Time Inc. UK has vacated approximately 80,000 sq ft of the space it occupies at the Blue Fin building and relocated staff to newly refurbished Grade A office space at 161 Marsh Wall in the Docklands.

Forsters announces its proposed acquisition of the Gowling WLG London Private Client team

Leading private client and real estate law firm Forsters LLP today announces its intention to acquire the Gowling WLG London Private Client team.

London Business School expands at Regents Park

Forsters has advised longstanding key client, The Crown Estate, in relation to expanding the London Business School's campus at Regents Park in central London.

Natasha Rees gets on her bike to MIPIM

Leading real estate law firm Forsters is fielding a contingent of eight partners* at this year's MIPIM, which takes place in Cannes between 14 and 17 March.

Forsters partners attending MIPIM 2017

Eight Forsters' partners will be attending MIPIM 2017 - the leading real estate event for property professionals.

If you are also attending MIPIM and would like to make an appointment to meet with one of our experts, please do get in touch with a member of our team.

Forsters advises Knight Dragon on Peninsula Place, a high profile new landmark for London

Forsters LLP is advising longstanding client Knight Dragon on a new £1 billion development on Greenwich Peninsula which will sit alongside the O2 arena.

AAM sells Regis House for £105 million

Forsters has acted on behalf of the Scottish Widows Pooled Property ACS Fund managed by Aberdeen Asset Management ("AAM") on the sale of City of London office building, Regis House, EC4 to a private Middle Eastern investor for a purchase price of £105 million. 

Forsters act on sale of 25 Great Pulteney Street

Forsters has advised F&C Commercial Property Trust Ltd ("FCCPT"), managed by BMO Real Estate Partners ("BMO"), on the sale of 25 Great Pulteney Street.

RMHC complete new house at Evelina Hospital

As reported in the Evening Standard, Ronald McDonald House Charities ("RMHC") has recently opened a new house to accommodate families of children being treated at Evelina London Children’s Hospital.

Further lettings at Interchange Building, Croydon

Forsters has advised Canmoor and Prospect First Limited in respect of two further lettings at the newly refurbished 180,000 square foot landmark office building, the Interchange in Croydon.

Forsters welcomes new Planning Partner Victoria Du Croz

Forsters LLP, one of London’s leading real estate and private client firms, has appointed Victoria Du Croz as a partner in its Planning team.