For your high-value residential and commercial property advice, there is no law firm better placed to support you. BLP as a whole has over 200 lawyers dedicated to the real estate sector. We are tier-1 ranked by independent legal directories ‘Legal 500’ and ‘Chambers & Partners’ for our real estate capability. Over recent years we have advised our private clients on 250 major real estate matters, and have also advised on several thousand property projects for real estate funds, sovereign wealth funds, REITs, developers, banks, PLCs and others.
Specifically, we advise high-net-worth individuals, their families, businesses and advisers on all forms of directly held, diversified and corporatised real estate, including:
Our non-UK client decided to buy a £40m property. It was undergoing extensive redevelopment – including an underground car park, a swimming pool, and complex IT systems – but the work would not be finished when the deal was signed.
We made sure our client would not get caught in expensive construction wrangles. The contract stipulated a significant retention from the purchase price, that would only be paid out as works were completed, and included warranties for construction work. We advised on holding-structures that would mitigate tax and avoid succession issues.
Our non-UK client planned to move to the UK and invest in UK shopping centres. We recommended a tax efficient – and practical – way to manage his investments.
We advised that, given the low rate of UK corporation tax, he set up a UK group structure that held each property in a separate company; operating in the UK via an offshore company can have tax advantages but tends to complicate day-to-day operations.
A large family office that mainly held commercial properties wanted to create a more diverse portfolio. We restructured their portfolio to create a stand-alone commercial property portfolio that would be attractive to a REIT.
Eight months after the reorganisation we advised on the sale of the commercial portfolio to a REIT. Our client then used the proceeds to buy a diverse portfolio that should deliver returns for current and future generations.
Our non-UK client found herself in a contract race to buy a London shopping centre.
We helped her win it. We completed all the work – due diligence on key tenants, financing, and transaction contracts – in two weeks.
"They are absolutely first-class."Chambers UK 2016 – Real Estate