2018

30 October 2018

Forsters advise Clivedale on acquisition of De Beers HQ

Forsters have advised Clivedale on the acquisition of 20-24 Carlton House Terrace, SW1 the HQ of De Beers.

Forsters also advised on the £85m senior and mezzanine debt financing of the acquisition. The funds were provided by DWS and Deutsche Hypo.

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17 October 2018

Patrick Harney to speak at the STEP Bermuda annual conference

The conference, which this year focuses on, Trusts, Technology and Transparency will take place on Thursday, 1 November. Head of Private Client, Patrick Harney, will deliver a presentation entitled: UK Tax Update - Have the recent UK tax changes given a new lease of life to offshore trusts? 

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12 October 2018

Forsters advise Reed Business Information Limited on office relocation

Forsters have advised Reed Business Information Limited (RBI) on the new lease of floors three and four at London office 99 Bishopsgate, EC2.

RBI is part of RELX Group plc which is a news, data and analytics group, whose brands include EG, ICIS, Accuity and FlightGlobal. RBI has agreed to lease around 48,800 sq ft at the 26-storey building.

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12 October 2018

Crypto Assets Professionals Advisory Group (UK and Ireland)

The inaugural meeting of the Crypto Assets Professionals Advisory Group (UK and Ireland), or CAPAG (UK&I) for short, was held recently at Forsters.

The group has been established to lobby on various matters and to develop know how in relation to crypto assets and blockchain. Forsters is currently working on several projects for clients in this sector.

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3 October 2018

Patrick Harney and Emma White to speak at the STEP Boston Event in the US

On 11 October Head of Private Client, Patrick Harney and Emma White will present a talk on US UK Tax and Estate Planning after Brexit.

The talk will discuss topics including US-UK tax and estate planning, specifically addressing the UK's tax treatment of Massachusetts revocable trusts, UK inheritance tax and domicile, and the impact of Brexit.

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25 July 2018

Government proposes radical changes to leasehold law

On 19th July the Government released details of their new proposal to provide a fairer deal for leasehold owners. An independent legal body is developing a range of measures to make the enfranchisement process easier and cheaper for leaseholders.

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2 July 2018

Forsters advise on speculative logistics development

Forsters has advised Wrenbridge, on behalf of the Palmer Capital Development Fund IV, in relation to a joint venture arrangement with the owner of a site in Basildon for the redevelopment of that site into a new 223,000 sq ft warehouse scheme.

A planning application for the £35 million speculative development is due to be submitted in July for a three-unit scheme.

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21 June 2018

Forsters advises the Crown Estate on JLL HQ acquisition

Forsters has advised the Crown Estate on the acquisition of the long leasehold interest in 30 Warwick Street, London W1 in a joint venture arrangement with Norges Bank Real Estate Management. The purchase price was £115 million, with the Crown Estate acquiring a 75% interest and Norges the remaining 25%. The Crown Estate also owns the freehold title and will be asset managing the building.

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14 June 2018

Forsters advise on development and sale of urban logistics asset in Reading

Forsters has advised Rockspring Property Investment Managers LLP, a Patrizia company, on behalf of Rockspring TransEuropean Property Limited Partnership V (“TEP V”), in conjunction with its development partner Peel Logistics Property, in relation to the development and sale of the 256,000 sq ft Island Road logistics development in Reading.

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16 January 2018

Forsters advise LXB on Stafford sales

Forsters has advised Jersey resident closed-ended real estate investment company LXB Retail Properties Plc (“LXB”) on the disposal of its remaining retail investments in Stafford.

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