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Clyde & Co advises Italian Real Estate Fund on the sale of a Jersey unit property trust property

  • Press Releases 20 juillet 2011 20 juillet 2011

A multi-disciplinary team at Clyde & Co advised the RealEmerging Fund (managed by the EstCapital Group) on the sale of premium West End retail and office premises via an offshore trust structure to an institutional investor.

Simon Vere Nicoll, a Partner in the Corporate Group at Clyde & Co who advised on the deal, says:

"We are delighted to have assisted the fund over the lifecycle of this investment, having advised on both the acquisition and disposal of the asset.

The complex nature of these transactions involved advice from across the firm – including corporate, real estate, tax and banking expertise – and required us to manage and co-ordinate input from Jersey and Italian counsel.

It is a showcase of the depth and breadth of expertise Clyde & Co offers."

Commenting on the transactions, Antonio Miani (Fund Manager of the Real Emerging Fund) says:

“EstCapital is very pleased with the service rendered by Clyde & Co. Particularly appreciated was the commercial approach, the speed of execution and the active management of the deal which allowed us to overcome the obstacles derived from a complex transaction both in term of structure and the number of jurisdictions involved".

Clyde & Co's team was led by Partners Simon Vere Nicoll (Corporate) and Martin Quicke (Real Estate), supported by Associates John Hopper (Corporate), John Pearce (Real Estate) and Simon Allum (Tax).