Real Estate

Our dedicated Real Estate fund administration services encompass the full life cycle of a fund, including consultation during the establishment of the fund’s legal structure, the offering process, investor and fund manager reporting, regulatory compliance and investor fund closings.

Our specialist Real Estate business has extensive experience in the administration and governance of trusts and companies holding property assets directly or indirectly. We have established, financed/refinanced, re-structured, purchased and disposed of property investments whilst adhering to strict transaction deadlines.

Through our dedicated Real Estate focused accountancy teams, we are able to provide industry leading accountancy services to a wide range of real estate structures and funds. Our understanding of complex multi-jurisdictional structures allows us to deliver robust accounting processes at property asset level, right through to completion of complicated consolidations. We can also provide bespoke accounting solutions, ranging from ongoing budgeting through to running cash flows, and forecasting on developments, refurbishments and investments.

SANNE provides a range of additional services to funds, special purpose vehicles, joint ventures, trusts, carry vehicles, co-investment vehicles and management companies, including:

• Real estate structure implementation and ongoing support
• Investor due diligence and anti-money laundering verification
• Acting as administrator of regulated and unregulated fund vehicles; both closed and open ended
• Investor communication including register maintenance, management of capital calls, distributions, equalisations, investments, customised reporting and investor correspondence relations
• Co-ordination and management of property transactions, re-financing and restructurings
• Corporate governance and management and control – skilled directors/trustees, company secretary and domiciliation services
• Cash flow and consolidated cash flow control and forecast
• Cash management and treasury services
• Regulatory compliance
  • FCA operator services
  • Compliance with local regulatory regimes
  • AIFMD Annex IV reporting
  • FATCA and CRS reporting
• Stand alone and consolidated financial statements under local, US GAAP and IFRS
• Financial and investor reporting - NAV/fee/IRR and carried interest calculations, interim and final audited accounts, investor capital statements, investor reporting and INREV reporting
• VAT, CIS and Non Resident Landlord reporting
• Property transaction financial due diligence

Our dedicated Depositary team provides AIFMD compliant depositary services to private equity, debt, real estate and bespoke asset class fund managers from our offices in the Channel Islands, London and Luxembourg. Our specialist teams can deliver depositary services alongside our fund administration offering where policies and procedures will be dovetailed to avoid duplication of activity, ensuring the most efficient operation of the fund.

Areas of expertise include:

• Safekeeping and verification of documentation and assets
• Trustee / fund safe custody services
• Maintenance of comprehensive asset registers
• Operational oversight ensuring compliance with fund documents and applicable laws and regulations
• Cash monitoring and document tracking
• Regular document reconciliation and sub-custodian liaison