Real Estate

Commercial real estate is one of the largest asset classes VG administers. That includes multi-let offices in the City of London, logistics centres in the Netherlands, student accommodation in the UK, shopping centres in Italy, retail parks in Scotland and large commercially let buildings in the US. Clients and tenants include FTSE 100 and NASDAQ-listed companies.

Let's be clear. We run the structure, not the building. Property management stays with your property managers. For corporates, fund managers and their lawyers, your Jersey real estate structures stay compliant, reported and ready for your next move.

That covers formation and domiciliation, a registered address, directors, a company secretary and governance. It also covers accounting, tax and reporting under the Foreign Account Tax Compliance Act (FATCA), done on time and properly documented.

Our issuer SPV services are used by originators, arrangers, lead legal counsel and structurers across structured finance, specialty finance and real estate debt. We usually act for the issuer SPV. Where the deal needs it, we can also act as trustee or agent, so more of the transaction sits with one team.

You'll know exactly how we work and where your work is with us at every stage. No surprises. Cut time, not corners.

Need directors? Our Jersey corporate director services cover both personal and corporate directors. We attend your board meetings, take accurate minutes and keep every corporate book and record in order. We also open bank accounts and manage cash, so the day-to-day running of your company doesn't land back on your desk.

A missed filing is a problem you didn't need. Your lead director is a decision-maker, not a gatekeeper, so questions get answered quickly. For law firms and advisers, that means one point of contact for your client's Jersey entities, and one less thing to chase. Setting up a new company? Start with company formation.

Day to day, we keep the books, produce your financial reports and management accounts, and handle tax and VAT registration and administration. When the auditors arrive, we support the audit and your internal controls. When investors ask questions, we prepare the reporting they need.

Operating in more than one jurisdiction? Then you're dealing with different local rules, different formats and different deadlines. That's a lot of time spent keeping up. Hand it to one team that keeps track of all of them. You get accurate numbers on time, a director-led team you can reach directly, and a fee quote that tells you what it costs before we start. If the work goes beyond the agreed scope, we tell you first.

Property funds have more moving parts than most. Several SPVs. Financing on different assets. Valuations, tenants and investors who want to know what's happening. We keep the fund and its SPVs in order: governance, accounts, investor reporting and regulatory compliance across the whole structure.

Whatever the strategy, acquisition, development, financing, letting or buy-and-hold, the administration follows it. Every client relationship is director-led, so you deal directly with people who can make decisions.

Here's how it works. Before any money moves, the parties agree the release conditions in an escrow agreement. That might be completion, a regulatory approval or the end of a warranty period. We hold the cash in a separate account. When the conditions are met and the agreed instructions arrive, we release it.

What if the parties disagree? The money stays put. We only release it as the escrow agreement allows, typically on joint written instructions or a court order. (Please confirm the currencies that VG can hold.)

M&A deal teams; corporate treasuries and their lawyers get an escrow agent that works to the deal timetable. You'll always know where the money is and what has to happen before it moves.

Facility agent or security trustee? It's a common question. The facility agent runs the loan's administration. The security trustee holds the security, such as charges over property or shares, on behalf of all the lenders, and enforces it if needed. Both act on the lenders' instructions. One firm can do both. VG does.

Our facility agent services are used by private credit funds, direct lenders, specialty finance and real estate debt managers. Decisions such as waivers, amendments or acceleration follow lender instructions, at the thresholds set in the documents. We run the process. The lenders make the call.

You'll know exactly how we work and where your work is with us.

Listing gives your securities a recognised exchange home, with the transparency that comes with it. We prepare and manage the listing application and work with TISE through the process. Once listed, ongoing obligations apply under TISE's listing rules. We keep track of them, so your listing stays in good standing.

Already using VG for the SPV, trustee or agency roles? Your listing can sit with the same team.

The fund's Shariah advisers approve the structure and its investments. VG administers the fund. That split matters. Investors get Shariah sign-off from the people qualified to give it, and day-to-day administration from a team that runs Shariah-compliant funds alongside conventional ones.

We understand the cultural requirements behind these funds, and why getting the detail right matters. For fund managers, institutional investors and their lawyers, that means a team that knows the structure as well as the fund.

Every client relationship is director-led, so you deal directly with people who can make decisions.

Different cultures. Different requirements. The detail has to be right, and the people running your structure need to understand why. VG was named Best Islamic Trust Formation Services Provider at the Global Islamic Finance Awards three years running, from 2016 to 2018. In practice, that has included using a Commodity Murabaha to help a client expand a property portfolio through Shariah-compliant lenders.

Wherever you are, you deal directly with the people running your structure.