5 December 2014

Forsters advise on SEED portfolio sale

Forsters has advised Europa Capital on the sale of a portfolio of retail and office properties to a REIT sponsored by Canaccord Genuity for a sale price of £76.7 million. This is the first purchase by the REIT since it was launched.

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4 December 2014

SDLT abolished from midnight tonight

The Chancellor has just announced in his Autumn Statement that Stamp Duty Land Tax, in relation to residential assets, in its current form is being abolished from midnight tonight.

There will be no slab system. Instead, the tax will be charged on a progressive basis, as below:

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5 November 2014

That's a wrap! Forsters advises on Cardiff cinema re-opening

Forsters has advised real estate fund manager Moorfield Group and shopping centre asset manager Plus Shops Retail, in relation to an agreement with Premiere Cinemas to re-open the five screen, 755-seat cinema which forms part of the Capitol Shopping Centre in Cardiff. 

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5 November 2014

Forsters advise on Student Development Funding

Forsters has advised a pension fund managed by LaSalle Investment Management in relation to the £16 million forward funding of a student housing development in the heart of Norwich. The developer is Alumno Developments.

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2 October 2014

Legal 500 2014 edition cements Forsters reputation as the leading Mayfair real estate and private client firm

Forsters is recommended across 17 practice areas including nine listings for commercial real estate and five for private client – the firms' two core areas of expertise. In 'Real Estate- Commercial Property' the firm has moved up a tier to second place. In 'Private Client Personal tax, trusts and probate' the quote consolidates a growing reputation within the market:

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2 October 2014

Forsters advise on West End acquisition

Forsters has advised overseas high net worth investors in relation to the purchase of the long leasehold interest in a prime West End investment property at 17 and 19 Wigmore Street, London W1. The purchase price was £11.3 million. 

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1 October 2014

Forsters advises on St James's Square acquisition

Forsters has advised a private family trust on the acquisition of 24 St James's Square, W1 for a purchase price of £42 million. The office building has been acquired with vacant possession and fronts onto both St James's Square and Pall Mall. 

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1 April 2014

Forsters advises key client SWIP on major disposal

Forsters' market leading commercial real estate team has advised long-standing client Scottish Widows Investment Partnership (SWIP), now part of Aberdeen Asset Management, on its disposal of 35 Marylebone High Street, W1. 

The building was the former home of BBC London. It has been sold to luxury residential developer the Royalton Group for £75 million. 

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25 February 2014

Game is up for administrators: advantage landlords

On 24 February, The Court of Appeal delivered a landmark Judgment relating to the recovery of rent from a corporate tenant in administration where the administrators continue to make use of the premises after their appointment.

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7 February 2014

Forsters expands Construction team with new appointment

Leading real estate law firm Forsters LLP is pleased to announce the appointment of Christian Charles to its construction team.

Christian joins Forsters from Hogan Lovells International LLP, where he qualified as a solicitor in 2009. Forsters’ team of construction specialists now consists of two partners, five assistants and one trainee.

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"The training here is unique. I was surprised by how much responsibility we were given at such an early stage."
Jo Thompson, Associate, Private Client