20 September 2018

Carey Olsen advises Singapore family office on £180m London property deal

Leading offshore law firm Carey Olsen has advised Singaporean ultra-high net worth family office Pacific Eagle on the £180 million purchase of Belstaff House in London.

The property at 135 – 137 New Bond Street is a Grade II listed building and home to luxury clothing brand Belstaff's flagship London store.

Partner Robert Milner led the Carey Olsen team advising Pacific Eagle and was assisted by associates David Patterson and Richard Macfarlane. Working alongside onshore counsel Clifford Chance, the firm advised on all Jersey legal and regulatory aspects of the purchase, which was completed by way of acquisition of a Jersey Property Unit Trust (JPUT).

Mr Milner said: "We were delighted to advise Pacific Eagle on this major real estate acquisition, which once again highlights the popularity of JPUTs to hold interests in UK commercial real estate."