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Carey Olsen advises on Jersey Private Fund
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Carey Olsen has advised Singaporean property developer and asset manager Sun Venture on the launch of its first Jersey Private Fund (JPF), structured as a Jersey Limited Partnership, to facilitate the purchase of 1 and 2 New Ludgate in the City of London. At £552m, the acquisition was the largest in the UK real estate market in 2020. Occupying a 1.5 acre site next to the Old Bailey, 1 and 2 New Ludgate provide a combined 389,615 sq ft of office and retail space. The f...
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Brian Balleine joins Hawksford as Director
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Hawksford has appointed Brian Balleine to the role of Director, Private Client Services, based in Jersey. He will focus on developing relationships with intermediaries globally. Brian is a financial services and wealth management specialist with more than 30 years’ experience across Europe, the Caribbean and Asia. Most recently, he spent two years as Regional Head of Butterfield’s trust business in Asia, based in Singapore. Prior to this, he was Managing Director of Butterfield&...
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Saffery Champness makes Guernsey promotions
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Saffery Champness Registered Fiduciaries has announced three senior promotions in the firm's Guernsey office. Donna Brehaut becomes Associate Director. A private client specialist, Donna joined the firm in October 2018 after 11 years with Nerine Fiduciaries. She has worked with high-net-worth individuals and their families across a range of jurisdictions, including the UK, South Africa, Europe and the Middle East. In her new role, Donna will continue to provide fiduciary services...
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Ogier advises Singapore sovereign wealth fund
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Ogier's Jersey corporate team has advised Singapore's sovereign wealth fund, GIC, on its joint venture with New York-listed global real estate investment company Kennedy Wilson, to acquire and manage urban logistics properties in the UK. The venture has the potential to expand into Ireland and Spain, with a target total portfolio value of up to $1bn. GIC will own 80% of the joint venture and Kennedy Wilson will own 20% and be responsible for the sourcing, acquisition and manag...
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