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
As Chairman of Greenko Group plc, I have enjoyed a four year association with IQE during which time they not only provided administration, corporate governance and company secretarial support but also the [dedicated] services of Mike Brown FCIS as a qualified and experienced Company Secretary to act on our behalf. Throughout this time, I found IQE and their staff to be very helpful, patient and professional in their dealings. As a London Stock Exchange AIM listed company we undertook several complex multi-jurisdictions corporate transactions and I am particularly appreciative of IQE’s invaluable support on these occasions. Keith Henry, Chairman, Greenko Group Plc