Legal and Corporate Services Real Estate Jersey · formation and company secretarial services,...

Legal and Corporate ServicesReal EstateJersey

Excellent.Responsive,communicativeand highlyknowledgeable.IFLR 1000, Investment Funds, Jersey, 2020

ContentsWorking with Ogier 3Real estate financing 4Structuring, acquisitions anddisposals 8Real estate funds 10Ogier Global Real Estate 12Contact us 14

Legal and Corporate Services

Real Estate, Jersey 03

Working with OgierOur style is to truly becomepart of the deal team.

With experience working on thelargest and most complextransactions involving real estatein the UK and Europe, ourknowledge of the real estateindustry and familiarity withsector-specific concepts means weadd real value to clients andonshore advisers.

Stability and expertise are keyelements in Jersey's proposition.Jersey’s low tax regime, proximityto the financial markets of Europeand a sophisticated banking andprofessional infrastructure havecontributed to its success as abase in which to establish long-term, real estate holdingstructures.

These structures benefit fromJersey’s status as a well-established, transparent andappropriately regulated offshorejurisdiction. While Jersey sits in thesame time zone as London, werecognise the value ofinternational markets.

Our offices in BVI, Cayman,Guernsey, Jersey, London,Luxembourg, Hong Kong andmainland China, and Tokyo enableface-to-face contact, a key factorin establishing strong relationshipswith clients.

We regularly advise on:

property finance (includingacquisition and developmentfinance) acting for both lendersand borrowersgiving advice on the fullspectrum of real estate funds,including establishment andongoing commercially focusedtax and regulatory adviceformation and companysecretarial services, governanceand accounting services throughour dedicated real estateadministration team

Offshore Law Firm ofthe YearLegal 500 UKAwards 2020

Offshore Law Firm ofthe YearThe Lawyer Awards2019

Offshore Law Firm ofthe YearWealthbriefingEuropean Awards2019

Offshore Law Firm ofthe YearLegal BusinessAwards 2019

Offshore Law Firm ofthe YearAsian Legal BusinessHong Kong Awards2019


Real Estate, Jersey04

Real estate financingDescribed as a 'well oiledmachine' our banking andfinance team advises clients ona wide range of propertyfinancial transactions.

Ogier's Banking and Finance teamholds a leading position in theJersey market and hasconsiderable experience advisingon large scale complex cross-border and local propertyfinancing transactions, with ouroffices in BVI, Cayman, Guernsey,Jersey and Luxembourg.

The team is consistentlyrecognised by industrycommentators, with severalpartners ranked as leadingindividuals by Legal 500,Chambers and IFLR.


property finance acting for bothlenders and borrowersdevelopment financeacquisition financesecured lending transactions

Representative transactions

Ogier has acted for:

An international lender inconnection with a £437,250,000facility to fund the acquisition of alarge portfolio of UK real estate.

A large US based insurancecompany in connection with a£321,740,000 facility to refinancethe acquisition costs of a UKproperty portfolio.

Senior and mezzanine lenders inconnection with a £260,000,000facility to fund the acquisition of aUK commercial real estateportfolio.

A European based lender inconnection with a £109,578,750facility to finance the acquisitioncosts of a UK property portfolio.

What sets Ogierapart is itscommitment toclient service - aswell as beingtechnically on themoney, itsassistance inbringing deals to aconclusion isinvaluable.Legal 500 UK,Banking andFinance, Jersey, 2020

Excellent, detailedand commercialadvice. Helpful andefficient service.IFLR 1000, Bankingand Finance, Jersey,2020


Katrina EdgePartner, Corporate and Finance, Head of Banking in Jersey

I think she’s excellent - extremely user-friendly and very responsive. She’s got a brilliant mind.Chambers UK, 2020


Battersea Power Station

Ogier advised on the most expensive single asset property deal in UK history with the c.£1.6 billion purchase of the iconic Battersea Power Station, one of the most recognisable buildings on the London skyline.

The Ogier team advised on the acquisition of Phase Two of the redevelopment of the site (including the famous power station).

“We were delighted to have advised the joint venture purchasers on a landmark deal in respect of such an iconic building.”Richard Daggett, Partner

Case studies

Ogier advises landmark £1.6 billion acquisition of Battersea Power Station

Walkie Talkie

Ogier advised the purchase of the 37-storey London skyscraper known as the “Walkie Talkie” for£1.28 billion.

The Ogier team advised purchasers LKK Health Products Group, a member of the Hong Kong-based Lee Kum Kee Group, on the Jersey law aspects of the deal, which was the largest-ever office complex property transaction in the United Kingdom.

Ogier advises record-breaking £1.28 billion “Walkie Talkie” purchase

£1.28bnvalue of the purchase

£1.6bnvalue of the cquisition


Cheesegrater

Ogier advised Hong Kong based property firm CC Land on its £1.15 billion acquisition of London’s iconic “Cheesegrater” - the 46-floor Leadenhall Building - in the second-largest single asset sale in the city’s history when contracts were exchanged in 2017.

£1.15bn

Ogier advised on the Jersey and BVI law aspects of the purchase.

“The amount of money being invested demonstrates how buoyant the London property market is, and how international investors see London property as very desirable.”

Raulin Amy, Partner

Ogier advises market-leading deal to buy iconic Cheesegrater building

King’s Cross Central

Ogier advised LCR on the sale of their interests in the King’s Cross Central Partnership (the entity that owns King’s Cross Central) to AustralianSuper following the conclusion of a competitive bid process.

Ogier advised on the Jersey law aspects of the sale. King’s Cross Central (one of Europe’s most important city centre regeneration projects) is the 67 acre site lying between King’s Cross and St Pancras Station being developed into 8 million square feet of mixed use space.

Ogier advises on sale of interests in the King’s Cross Central Partnership

value of the acquisition

£1.28bn King’s Cross is one of the largest and most exciting redevelopments in London – it is exciting to be able to play a part in the project.Katrina Edge, Partner

£1.6bn



Structuring, acquisitions anddisposalsThe types of Jersey vehicles wetypically see used for property holdingstructures are Jersey property unittrusts (JPUTs), limited partnershipsand companies.

Advantages for those using Jerseyvehicles include the ability to sellinterests in the real estate holdingstructure, free of stamp duty orstamp duty land tax charges(SDLT). A well-structuredacquisition can reap rewardsseveral years down the line on anexit, with SDLT savings being agreat attraction to potentialbidders.


the establishment, structuringand regulation of a wide varietyof real estate investmentstructures including companies,limited partnership and unittrustsmulti-party, joint venture andsingle investor structuresthe sale and acquisition of realestate investment structures andvehiclesdevelopment projects (includinginnovative costs fundingmechanisms)on-going legal services to realestate investment structures



Battersea Power Station on its'£1.6 billion acquisition, the mostexpensive single asset propertydeal in UK history.

LKK Health Products Group onthe record-breaking purchase ofthe "Walkie-Talkie" for £1.28 billion.

CC Land on its acquisition of theCheesegrater (The LeadenhallBuilding) for £1.15 billion.

Moorfield Real Estate Fund andMoorfield Real Estate Fund II inconnection with the sale of adiversified real estate investmentportfolio to Lone Star Real EstateFund III for approximately £1 billion.

intu Properties Plc on itspurchase of a portfolio of twoshopping centres and a retail parkfrom Westfield for £867m.

Northwood Investors inconnection with the acquisition ofmore than 7.1 million square feetof office and industrial propertieslocated throughout the regionalmarkets of the UK for £635m fromHighcross.

LCR on the sale of its interest inKing's Cross Central, one ofEurope's most important citycentre regeneration projects.

The Ogier teamstand head andshoulders above thecompetition.Chambers UK,Jersey, Corporateand Finance, 2020

The expertise thatclients have accessto in the differentareas of the law andjurisdictions makesthe firm stand outfrom its peers.Legal 500 UK, Jersey,Corporate andCommercial, 2020


Richard DaggettPartner, Corporate and Finance

Richard Daggett is an exemplary partner and is supported by an industry- leading team. He exercises sound judgment on complicated points of law and is able to provide workable solutions.Legal 500 UK, 2020



Real estate fundsJersey has developed specificexpertise in relation toinstitutional and professionalinvestor funds.

We have significant experience inrelation to complex asset-holdingstructures including real estateand other alternative investmentfunds.

Ogier is best known for:

Giving advice on the fullspectrum of real estate fundswith commercially focussed taxand regulatory advice, providinga fully integrated and holisticapproach.Advising on the establishment ofand investment in real estatefunds, guiding institutional andprofessional investors on legal,regulatory and jurisdictionalissues in connection with theirfund investments.Representing clients whose realestate investments are driven bybusiness strategy; clients whohold real estate as a core assetor as alternative investments;and clients for whom real estateis a significant factor in theirbusiness operations.



Knight Frank in connection withthe launch of a Jersey Expert Fundwith a target size of £500m toinvest in UK real estate.

AEW in relation to theestablishment and registration ofa Jersey private fund, with a targetsize of US$750 million to invest inreal estate assets in major AsiaPacific cities.

Paloma Capital LLP inconnection with the launch of twofunds, structured as a JerseyPrivate Fund and a Jersey PrivatePlacement Fund, to invest in UKreal estate.

Target Healthcare in relation tothe conversion of an unregulatedREIT listed on AIM to a Jerseyregulated listed fund to complywith AIFMD.

Bywater Gamma in relation tothe establishment of a Jerseyprivate fund with a £30 million capto invest in real estate assetslocated in the UK.

The client servicethat I have recivedfrom Ogier has beenoutstanding. I havebeen reallyimpressed with thequality of their legaladvice both on atechnical andcommercial basis.Client feedback


Niamh LalorHead of Jersey Investment Funds

She is fantastic and has a thorough understanding of the market, as well as a superb knowledge of asset management.Chambers UK, Jersey, Investment Funds, 2020



Ogier Global Real EstateOur administration team dealsexclusively with real estateholding structures and hassignificant experience workingwith a range of clients.

We have specialist teams based inCayman, Guernsey, Hong Kong,Jersey and Luxembourg to assistclients with a range ofrequirements, including:

Formation and CompanySecretarialWe assist real estate clients withall aspects of their initial structureset up and are able to establish alllegal entity types in any of thejurisdictions in which we operate.

Registered Office / RegisteredAgentOgier Global provides registeredoffice and registered agentservices to entities based in BVI,Cayman, Guernsey, Hong Kong,Jersey and Luxembourg.

Governance ServicesAs the need to demonstratesubstance increases, our clientsare increasingly turning to us todeliver innovative solutions forboard governance and directorservices. Ogier Global offers accessto a wide pool of experiencedprofessionals with substantial realestate experience includinglawyers, accountants andchartered secretaries.

Accounting and FinancialReportingOur team provides the fullspectrum of accounting andreporting services for an extensiverange of entities, including book-keeping and accounting, bespokefinancial reporting, cashmanagement and tax reporting.

Regulatory and ComplianceOgier Global can provide clientswith a tailored complianceframework to help them complywith their anti-money laundering(AML) and Counter TerrorismFinancing (CFT) regimerequirements. We also support realestate structures in complyingwith their Automatic Exchange ofInformation (AEOI) obligationsincluding US FATCA and CRS.

A stellar job withhandling clients andtheir incorporations.Client feedback


Lawrie CunninghamDirector, Real Estate

Ogier Global’s real estate administration team has experience working with sovereign wealth funds, listed real estate firms, fund managers, individual private clients and third party financiers across multiple jurisdictions.



Contact us

Katrina EdgePartnerT +44 1534 514192M +44 7797 [email protected]

Richard DaggettPartnerT +44 1534 514071M +44 7797 [email protected]

Niamh LalorPartnerT +44 1534 514210M +44 7797 [email protected]

Lawrie CunninghamDirectorT +44 1534 [email protected]


99 43131ST 5

98%97%

Ogier at a glance

9 Ogier practicesare ranked as being the best in their jurisdiction

Ogier deliverslegal services to 99 countries

Ogier has won 13 major industry awards in the past two years

We work with43 of the top 50 global law �rms

5 Laws:BVI CaymanGuernsey JerseyLuxembourg

Of our surveyedclients would recommendus to others

Of our surveyedclients would reinstruct us

Bahasa, Cantonese, Croatian, Czech, Dutch, English, French, German, Greek, Hindi, Italian, Japanese, Lithuanian, Luxembourgish, Mandarin, Polish, Portuguese, Romanian, Russian, Slovak and Spanish

Banking & Finance, Corporate, Dispute Resolution, Investment Funds, Local Legal Services, Private Wealth, Regulatory, Tax

Employees including 64 Partners

21 Languages550

Ogier Globalis our Corporate Administration business

Our service lines

Hong KongBVI LawCayman LawGuernsey LawJersey LawCorporate Administration

Shanghai*BVI LawCayman LawGuernsey LawJersey LawLuxembourg LawCorporate Administration

Cayman IslandsBVI LawCayman LawCorporate Administration

British Virgin Islands (BVI)BVI LawCorporate Administration

Tokyo*Corporate Administration

LuxembourgJersey LawLuxembourg Law

* Our Shanghai and Tokyo o�cesare representative o�ces of Ogier.

LondonBVI LawCayman LawGuernsey LawJersey Law

JerseyBVI LawCayman LawJersey LawLuxembourg LawCorporate Administration

GuernseyBVI LawGuernsey LawCorporate Administration

Legal and CorporateServicesBritish Virgin IslandsCayman IslandsGuernseyHong KongJerseyLondonLuxembourgShanghaiTokyo

Ogier provides practicaladvice on British VirginIslands, Cayman Islands,Guernsey, Jersey andLuxembourg law throughour global network ofoffices. Ours is the only firmto advise on these five laws.We regularly win awards forthe quality of our clientservice, our work and ourpeople. Ogier Global isOgier’s corporateadministration business.Ogier Global (BVI) Limitedand its subsidiaries arelicensed and regulated bythe British Virgin IslandsFinancial ServicesCommission. Ogier Global(Cayman) Limited and itssubsidiaries are regulatedby the Cayman IslandsMonetary Authority. OgierGlobal (Guernsey) Limitedand its subsidiaries arelicensed and regulated bythe Guernsey FinancialServices Commission.Registration no 63501.Ogier Global (Jersey)Limited and its subsidiariesare regulated by the JerseyFinancial ServicesCommission. Regulatoryinformation can be foundat ogier.com

ogier.com

Legal and Corporate Services Real Estate Jersey · formation and company secretarial services,...

Documents

Transcript of Legal and Corporate Services Real Estate Jersey · formation and company secretarial services,...