Carey Olsen advises Sun Venture on Jersey Private Fund facilitating the UK's largest real estate acquisition of 2020
Carey Olsen为泽西岛私募基金Sun Venture 提供法律服务促成2020年英国最大的房地产收购
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 £552 million, the acquisition was the largest in the UK real estate market in 2020.
Occupying a highly prominent 1.5 acre site next to the Old Bailey with views of St Paul's Cathedral, 1 & 2 New Ludgate provide a combined 389,615 sq ft of office and retail accommodation.
The fund launch follows Sun Venture's successful acquisition of One New Oxford Street in July 2020, which marked the firm's first acquisition outside Singapore.
The Carey Olsen corporate team was led by Jersey partner, Chris Griffin, assisted by Singaporean-based senior associate, Susan McKinstray.
Susan said: "We were delighted to support Sun Venture from our Singapore and Jersey offices with the launch of its inaugural Jersey Private Fund and its landmark UK real estate deal.
"The JPF regime enables a proportionate and fast-track regulatory process making it a very nimble fund product, and it is encouraging to see Singaporean fund managers making use of it".
To find out more about these products, please refer to our briefing notes Jersey Private Funds and Jersey Limited Partnerships, or contact Chris or Susan.
For further insight into Jersey fund vehicles, please follow the link to Susan McKinstray's article for Asia Business Law Journal: The Jersey fund products that offer a lighter touch regulation.
Carey Olsen为新加坡房地产开发商和资产管理公司Sun Venture提供服务，发起其首只泽西岛私募基金（JPF），该基金结构为泽西岛有限合伙企业，用于购买位于伦敦市的New Ludgate 1号和2号。此次收购金额为5.52亿英镑，是2020年英国房地产市场最大的一次收购。
New Ludgate 1号和2号占地1.5英亩，位于Old Bailey旁边，享有圣保罗大教堂美景，提供总计389,615平方英尺的办公和零售空间。
该基金的发起紧跟2020年7月Sun Venture成功收购One New Oxford Street（该公司在新加坡以外的首次收购）。
Carey Olsen该项目团队由泽西岛合伙人Chris Griffin领导，位于新加坡的资深律师Susan McKinstray协助。
Susan表示：“我们很高兴能从新加坡和泽西办公室为Sun Venture提供法律服务，为其发起的首只泽西岛私募基金及其里程碑式的英国房地产交易提供支持。”
“泽西岛私募基金相对快捷的监管制度使之成为一款非常灵活的基金产品，我们很高兴新加坡的基金经理可以充分利用该制度”。
