The global financial crisis has been a catalyst for change in the commercial real estate market, with investors seeking secure income streams from prime and ‘super-prime’ real estate assets. The UK remains a top investment target for many, with inward investment activity increasing and advantageous tax treatments for overseas investors investing in UK real estate.
Other factors, such as low interest rates encouraging redevelopment of outdated stock across the sector and the shift towards sustainable development, are promising. The fall in construction activity over the last five years has also created a backlog of demand for new buildings and new asset classes (such as residential) continue to attract interest and capital.
Our real estate tax team is the leading tax team in the legal industry and an integral part of the firm’s real estate practice. We advise on a range of real estate transactions, including property acquisitions, developments, leasing and holding structures, investments for residents and non-residents, funds, joint ventures, property company takeovers, listings and M&A. We pride ourselves on being able to deliver highly innovative, user friendly tax advice for clients. Through our non-UK offices and expansive network of preferred firms, we can help clients wherever they are based in the world.
We advise banks, developers, investors, private clients with real estate assets, funds (including sovereign wealth funds), corporate occupiers, hotels, student accommodation providers and government agencies. Example clients include Land Securities, Delancey, Quintain, Blackstone, Exemplar, National Pension Service of Korea, Canary Wharf, Olympic Delivery Authority, Transport for London and Oxford Properties.
Our work, both within the UK and across multiple jurisdictions, includes: