News

The 'First Names' in Real Estate: a business update

18 April 2017

With steady economic growth, low interest rates and the sterling devaluation (following the Brexit referendum last June), the UK commercial market remains an attractive choice for both domestic and international investors.

At First Names Group we remain excited about the prospects for commercial real estate during 2017 and are seeing increased activity across a broad range of asset classes, with a particular focus on purpose built student accommodation (PBSA), the private rented sector, hotels and logistics. Recent deals undertaken for clients include:

  • The establishment of a number of joint venture vehicles to support the acquisition of a portfolio of PBSA assets totalling almost 9,000 beds across key European jurisdictions 
     
  • Assisting a UK-based developer and operator of motor service areas issue a significant portfolio backed bond issuance of £190M with a prominent insurer 
     
  • Assisting a client, a London-based operator and developer of PBSA, to secure a £350M senior facility from a syndicate of institutional investors against a 2,520-bed PBSA portfolio 
     
  • Establishing a Jersey property unit trust to acquire a key town centre retail asset for £100M
     
  • The establishment of two multi-jurisdictional structures, incorporating the Isle of Man, Luxembourg and Dutch SPVs for the purpose of acquiring commercial real estate throughout Germany and the Netherlands for a UK-based PE house
     
  • Assisting a client in significantly expanding their real estate portfolio via the acquisition of assets across the hotel, leisure and retail sectors with an aggregate value of £132.5M
     
  • The establishment of a Scottish property fund exempt scheme investing into commercial, residential and industrial real estate in Scotland for £20M

Our real estate experts have vast experience in establishing and managing a wide array of property holding structures, including unit trusts, limited partnerships and companies for a range of clients such as private equity houses, sovereign wealth funds, listed companies and family offices/high net worth individuals.

Click here for more detail on the real estate services we offer, or get in touch with any one of us using the details below to discuss how we can put our experience to work for you.

Paula Thompson Paula Thompson
Client Services Director
T / +44 1534 714 516
paula.thompson@firstnames.com
 
Malcolm Macleod Malcolm Macleod
Head of Corporate Services, Channel Islands
T / +44 1534 714 655 
malcolm.macleod@firstnames.com
 
Mark Lewin Mark Lewin
Client Services Director
D / +44 1624 630 777 
mark.lewin@firstnames.com
 
Irene Morrison Irene Morrison
Client Services Director
D / +44 1624 630 640 
irene.morrison@firstnames.com