A summary and certain highlights are as follows:

1. Introduction to the three main areas of Real Estate

a. Real estate property finance (REF) – Acquisition/development finance
b. Structuring – Formation, administration, governance and other services for property holding structures including JPUTs and REITs
c. Funds – Cross-jurisdictional advice on the full spectrum of real estate funds including the popular Jersey Private Fund (JPF)

2. Trends in the Real Estate industry

a. ESG-style focus on social justice and good governance amid a backdrop of economic uncertainty.
b. Comprehensive advice around governance – not just in theory and also in practice.
c. Asset classes expected to rise in value, and others that may see a decline.
d. The appetite of investors looking at real estate and turnaround opportunities.

3. Enforcement scenarios

a. Banks and secured parties looking at enforcement scenarios.
b. Reviews of structures and security packages, to remedy any deficiencies in advance of any enforcement action.
c. Duties of banks and secured parties looking at enforcement and potentially exercising a power of sale under the Security Interests (Jersey) Law 2012

4. REITS – Real Estate Investment Trusts

a. Globally recognised tax efficient structures for investment into UK real estate.
b. Using Crown Dependency companies to establish a REIT compared to a UK equivalent
c. The qualifying conditions in the UK Corporation Tax Act 2010 to become a REIT, including listing on a recognised stock exchange;
d. The International Stock Exchange (TISE) and the exemption of REITs from the 25% “free float” requirement
e. The process of listing REITS on TISE
f. Themes of listings and why a stock exchange listing is a mark of authenticity
g. Green market segment called TISE GREEN

5. Jersey Property Unit Trusts (JPUTS)

a. Advantages of using JPUTs as a popular vehicle for holding UK real estate
b. How to establish a JPUT, with transparency for UK income tax purposes
c. Flexibility under the Trusts (Jersey) Law 1984, and duties of the trustees of a JPUT
d. How a JPUT is operated, managed and regulated

6. Jersey Private Funds (JPFs)

a. Why the JPF is aimed at sophisticated investors within Jersey’s pragmatic regulatory environment
b. Eligibility criteria for a JPF, including categories of eligible investors
c. Applications to be submitted to the JFSC and duties of the Designated Service Provider

For more information please contact Christophe Kalinauckas, Group Partner in the corporate department.

Key Contacts

Christophe Kalinauckas

Partner: Jersey

T +44 (0)1534 818 193
E Email Christophe

Andrew Weaver

Partner: Jersey

T +44 (0)1534 818 230
E Email Andrew

James Gaudin

Managing Partner: Jersey

T +44 (0)1534 818 337
E Email James

Daniel Healy

Senior Associate: Jersey

T +44 (0)1534 818 010
E Email Daniel

Gemma Palmer

Counsel: Jersey

T +44 (0)1534 818 163
E Email Gemma

Paul Worsnop

Counsel: Jersey

T +44 (0)1534 818 227
E Email Paul

Twitter LinkedIn Email Save as PDF
More Publications
2 Nov 2023

“Arranging” deals in investments is now a regulated activity under the Financial Services (Jersey) Law 1998

Appleby Jersey experts explain why changes to the Financial Services (Jersey) Law 1998 help protect ...

6 Oct 2023

A comparison between the GDPR and the Jersey Data Protection Law

Richard Field discusses key aspects of Jersey's recently enacted data protection legislation in comp...

11 Jul 2023

Proposed Regulation of Consumer Credit in Jersey

Find out more about the Jersey Government’s suggested regulation of the consumer credit regime and...

1 Jun 2023

What is a Pre-Let Agreement?

Whether you're a landlord or tenant looking for pre-let advice, we can help. Our expert property law...

17 May 2023

More changes to Jersey's Anti-Money Laundering Regime (AML)

Our experts look at latest proposals to the legal and regulatory anti-money laundering framework in ...

10 May 2023

Establishing a single family office in Jersey

Want to know more about establishing a family office in Jersey? Find out what a family office is and...

27 Apr 2023

Change of control of regulated entities in Jersey

Find out how Appleby Jersey has advised upon a number of changes of control scenarios in different c...

20 Mar 2023

Trusts: Comparison between the Crown Dependencies

Our Private Client and Trusts specialists in Guernsey, Isle of Man and Jersey outline some of the ke...

15 Mar 2023

Changes to the Jersey Competition Law Framework

Following the launch of the Government of Jersey's consultation on proposed changes to the competiti...

14 Mar 2023

Jersey Property Unit Trusts and the Trust Regulation Service

Our Appleby team looks at HMRC's recently updated guidance on Jersey Property Unit Trusts (JPUTs) an...