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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 frequently advises on the tax aspects of corporate transactions.

Mr. Bavister also 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
Mr. Bavister frequently advises on the tax aspects of corporate transactions, recent examples include:

  • Advising a major tire manufacturer in connection with its acquisition of the entire issued share capital of a leading UK fleet management service provider and independent truck tire retreader.
  • Advising Euro Car Parts Limited, a subsidiary of LKQ Corporation in its acquisition of the business and assets of Andrew Page Limited in a pre-packaged purchase from PwC, acting as administrators of the Andrew Page business.
  • Acted for the vendor, a leading media rights company, in the sale of a business providing media content including photos and images to another leading brand in the media rights industry. The deal was structured as an asset and share sale in the US, UK, Australia and Germany.
  • Advising Boralex in acquisition of European Forest Resources Holdings Limited, the owner of developed and proposed wind farm projects in Scotland and France.
  • Advising United Kingdom-based Tax Systems plc (formerly Eco City Vehicles plc), on its acquisition of United Kingdom-based, Tax Computer Systems Limited, associated equity and debt financing and the re-admission of the enlarged group to trading on the London Stock Exchange's AIM Market.

In addition Mr. Bavister has advised on the following real estate transactions:

  • 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.