15 January 2015
Forsters has acted on behalf of Rockspring Hanover Unit Trust on the acquisition of Green Lanes Shopping Centre in Barnstaple, Devon from British Land.
The transaction was structured as the acquisition of the units in a Jersey Property Unit Trust (JPUT) together with the acquisition of the shares in the trustee companies for a purchase price of £36.1 million.
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5 January 2015
In addition to the Firm's ongoing support for Centrepoint (an organisation that works with disadvantaged young people in London), Forsters has made a Christmas donation to three charities: Crisis at Christmas, Shelter and Christian Aid.
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5 December 2014
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
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
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 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
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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2 October 2014
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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1 October 2014
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 October 2014
Forsters has advised logistics and industrial property specialists, Evander Properties Limited, and longstanding client British Airways Pension Fund in relation to the award-winning development of a bespoke distribution centre located in Coulsdon, south London for the online grocery arm of leading UK supermarket retailer, Waitrose.
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