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Giles Bavister

Partner
+44.(0)20.7360.8173
Fax +44.(0)20.7648.9001

Giles Bavister is a partner in the firm’s London office where he is a member of the Tax practice group. Mr. Bavister advises UK resident and non-resident companies, individuals and trusts in the real estate sector on a wide range of property transactions, including:

  • Structuring and implementing tax-efficient acquisitions and disposals
  • Structuring portfolios and fund investments, often using corporate, unit trust and partnership vehicles
  • Commercial and residential property developments
  • Investment in alternative asset classes such as renewable energy and student accommodation.

He also advises on VAT, particularly in relation to cross-border supplies of goods and services, financial services and e-commerce.

Professional Background

Prior to joining the firm, Mr. Bavister was a partner in the London office of a global law firm.

Professional/Civic Activities

  • British Property Federation VAT Committee
  • Stamp Taxes Practitioners Group
  • Advised on the structure and implementation of a Sovereign Wealth Fund Investment in a £1.8 billion joint venture in a main central London shopping area.
  • Acted on the acquisition and subsequent dissolution of a Jersey property owning unit trust in relation to property at Finsbury Circus valued at £152 million.
  • Acted on the acquisition of numerous property owning SPVs, including in relation to transactions where the property holding structures were collapsed and refinanced.
  • Acted for a major UK REIT on the sale of Ropemaker Place via a JPUT structure for £472 million.
  • Acted for a major UK retailer on the sale of a warehouse property at White City to a university where the property was to be partly developed including the residential units, for a deal value of £92 million.
  • Acted for various student accommodation providers and developers, including acting on acquisitions in order to ensure SDLT and VAT efficiency and implementing efficient holding vehicles including PropCo/OpCo structures.
  • Acted for a large Chinese Sovereign Wealth Fund in relation to its acquisition of Chiswick Park via a JPUT and Luxembourg holding company structure which included a joint venture element with a property manager for £770 million.
  • Advised in relation to the acquisition for a Sovereign Wealth Fund of a 64% interest in the Pollen Estate for £381 million.