Isle of Man
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Case Studies

IQE Limited - Strata SE1

IQE Limited was involved in the development of this multiple award winning 43 storey landmark residential tower with its unique integral wind turbines in London SE1. The structure combined a black glass and steel façade in a three dimensional elliptical building providing a distinctive profile and meeting high standards of sustainability.

This development originally was a joint venture between a private investor and a multi-national property development company. The development company bought out the private investor and was itself acquired by a property development group listed on the Toronto Stock Exchange.

The site at the Elephant & Castle was ideally positioned in a regeneration area with excellent transport links close to the City.  The existing tower blocks had to be demolished and the residents re-housed before the new building work could commence.

IQE provided Directors to work closely with other Board members and the Development Manager to review, approve and monitor:

  • Planning submissions.
  • s106 Agreement negotiations with London Borough of Southwark.
  • Design, procurement and cost planning.
  • Marketing, sales and funding.
  • Following vacant possession demolition, and construction.
  • Appointment of professionals. 
  • Finance, budgets and critical path analysis.
  • S278 Agreement with Transport for London.
  • Consultation with local community.
  • Health and safety reports. 
  • Regular meetings during the process and particularly during construction.
  • Site visits before and following demolition, during construction, topping out ceremony and practical completion.
  • Approval of legal contracts for individual leases.
  • Sales programme and exit strategy.
  • Hosted meetings in the Isle of Man, prepared board packs, minutes, statutory documents and company secretarial support.

We have the expertise to assist with multi-jurisdictional fiduciary services for international structures

As an independent Non-Executive Director of Ishaan Real Estate Plc I worked closely with IQE who provided Company Secretary and administration services. IQE hosted the board meetings, prepared minutes often on complex matters and were central to the communication between the international board members, lawyers, accountants and advisers. I found them to be reliable, approachable and pragmatic and IQE provided a professional and responsive service with extremely high standards appropriate for a company quoted on the London Stock Exchange’s AIM market. I would be happy to recommend their services. Stephen Vernon, Chairman, Green Property

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