The IQE Real Estate team worked closely with the Joint Venture Company and the client's legal and tax advisors to acquire an option to buy an existing commercial property. Despite high profile sitting tenants, the property provided the potential to seek and obtain change of use, planning permission for a new development, comprising commercial units on the ground floor, with luxury apartments and penthouses having panoramic views over London on a prestigious site that overlooks Lambeth Palace, the River Thames and the Houses of Parliament.
Both clients sought and received legal and tax advice which advocated the Isle of Man as the ideal jurisdiction to administer both a joint venture holding company and a subsidiary development company.
IQE, as an international fiduciary services Company, provide management and control of Isle of Man incorporated Companies. Advantages of using Isle of Man companies include:
IQE worked closely with both clients and advisors to ensure the deal was completed against tight deadlines to acquire the option to purchase and conclude the transaction.
Isle of Man is widely acknowledged as an experienced jurisdiction for the real estate sector and IQE services include:
We have the expertise to assist with multi-jurisdictional fiduciary services for international structures
Simcocks Advocates have worked closely with IQE on both real estate and other private and commercial transactions over a number of years, and from our experience, IQE always strive to deliver the highest standards of service to both private and corporate clients alike. Their attention to detail, strong work ethic and listed corporate governance experience set them apart from other service providers. Phil Games, CEO, Simcocks Advocates Limited