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Our Transactions

Corporate and Finance

Millstream Property Limited

Edward Scott advised on the acquisition by Millstream Property Limited (MPL), a Jersey company, of an office building in Windsor, Berkshire for £56,250,000. MPL is wholly-owned by a major Shariah-compliant Malaysian institutional investor, This was the first acquisition of UK real estate sponsored by the investor in some years and was agreed soon after the BREXIT referendum.

Funding was a mix of equity through a Jersey holdco and propco structure, and a murabaha, provided by Maybank Islamic Berhad. Edward worked closely with Addleshaw Goddard (English counsel for MPL) and Volaw Trust and Corporate Services Limited (MPL’s Jersey corporate administrator). Baker & Mackenzie and Walkers acted for Maybank.

Wilton Property Limited

Edward Scott and Jordan Constable are advising on the acquisition by Wilton Property Limited, a Jersey company, of a Luxembourg company that owns a central London office building, for £71,500,000. It is another acquisition of UK real estate sponsored by Malaysian institutional investor. Again, the transaction will be funded by a mix of equity through a Jersey holdco and propco structure, and Islamic finance in the form of a murabaha provided by a Malaysian bank. But here the acquisition is of a corporate vehicle rather than a direct real estate purchase. Addleshaw Goddard act as English counsel for MPL and Eversheds act as English counsel for the seller.

Financial Services Opportunities Investment Fund Limited (FSO)

FSO is a fund listed on the Channel Islands Securities Exchange. Edward Scott acted on FSO’s acquisition of a 20% interest in Enhance Group, an investment consultancy group that is regulated by the Jersey Financial Services Commission.

The transaction involved extensive liaison with the JFSC as well as putting in place a complicated share structure for Enhance Group Limited, a Jersey company. This was a Channel Islands transaction and no English counsel was involved. Edward led on negotiating the terms of the acquisition and the joint venture arrangements between the shareholders. Our involvement in the matter commenced in September 2016 and we completed our advice in December 2016.

Tellon Capital

Establishing a Jersey Limited Partnership and advising on two commercial real estate sale and purchase transactions entered into by Jersey SPVs totalling around £12,500,000, including giving legal opinions to the counterparties. On the first transaction Addleshaw Goddard acted as English counsel for Tellon Capital and Mishcon de Reya acted as English counsel for the Buyer. On the second transaction Quastel Midgen acted as English counsel for Tellon Capital and Reed Smith acted as English counsel for the Seller. Our involvement with this structure commenced in December 2016.

PRACTICE AREAS

  • Contentious Trust and Estates
  • Fraud, Asset Tracing and Insolvency
  • Company and Funds Litigation
  • Non-contentious Trust Advisory
  • Corporate and Finance
  • Regulatory
  • Private Client
  • Employment

OUR PEOPLE

  • James Dickinson
  • James Gleeson
  • Craig Swart
  • Guillaume Staal
  • Jonathan Barham
  • Bilaal Shabbir
  • Isaac Freckleton
  • Correen Begeman

Who are Dickinson Gleeson?

Award-winning dispute resolution, fiduciary and corporate experts. We have acted on some of the largest, most complex cases and transactions involving Jersey entities. Our solutions are innovative, entrepreneurial and driven by an unswerving commitment to achieve our clients’ needs and objectives.

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Our Services

Jersey boutique disputes and commercial practice. Dickinson Gleeson was established in 2010 by James Dickinson and James Gleeson.

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OUR SERVICES

Contentious Trust and Estates

Fraud, Asset Tracing and Insolvency

Company and Funds Litigation

Non-contentious Trust Advisory

Corporate and Finance

Regulatory

Private Client

Employment

OUR PEOPLE

James Dickinson

James Gleeson

Craig Swart

Guillaume Staal

Jonathan Barham

Bilaal Shabbir

Isaac Freckleton

Correen Begeman

OUR CASES

Commercial Litigation

Contentious Trusts and Estates

Regulatory

Employment

OUR PUBLICATIONS

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