2017

8 December 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.

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4 December 2017

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.

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1 December 2017

Patrick Harney to speak at the ITI/STEP Seminar

Patrick Harney, Head of Private Client, 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.

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30 November 2017

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.

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29 November 2017

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.

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24 November 2017

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

Patrick Harney, Head of Private Client, 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”.

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16 November 2017

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.

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1 November 2017

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.

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26 October 2017

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.

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24 October 2017

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.

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9 October 2017

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.

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28 September 2017

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.

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4 September 2017

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.

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2 August 2017

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.

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1 August 2017

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.

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29 June 2017

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.

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23 May 2017

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.

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23 March 2017

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.

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20 March 2017

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.

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15 March 2017

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.

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15 March 2017

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.

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10 February 2017

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.

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1 February 2017

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. 

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23 January 2017

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.

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