Walkers' Jersey and Ireland teams advise on the establishment of Eagle Street Partners

Walkers Jersey Banking and Corporate teams have advised Postbridge Group on the establishment and initial funding of Eagle Street Partners, a pan-European real estate investment platform focused on Ireland, the UK and other select European markets.

The firm also advised on the asset manager's acquisition of its first UK real estate asset, offices known as Eurasia House located in Maidenhead, Berkshire.

Partner Jonathan Heaney and group partner Jon Le Rossignol advised on the Jersey law elements of the corporate structuring, the first acquisition and the financing respectively, acting alongside lead counsel Kirkland & Ellis (platform establishment) and Ashurst (acquisition).

Partner Jonathan Sheehan from our Dublin office advised on the Irish law elements of the platform establishment.

Jonathan Heaney said: "We are delighted to have had the opportunity to work closely with the founders (including Justin Bickle) of Eagle Street Partners. This platform is a significant statement both for the continued confidence in investment in higher yielding and value accretive real estate assets and for structuring those investments offshore. Walkers has significant experience in advising on all Jersey law aspects of commercial real estate mandates. In this case we were also able to provide Irish law support (a key differentiator among most of our competitors), to deliver a seamless cross-jurisdictional service to the founders."

Founder Justin Bickle said: β€œIt was fantastic to work with Jonathan Heaney and his Jersey based colleagues on the establishing of our new real estate investment and asset management business, and to extend my 15 years relationship with Walkers which had previously focused on Cayman Islands and Ireland. Walkers provide a premier offshore service to sophisticated clients around the globe and we are honoured to work with them in creating such an innovative investment platform at an opportune time in the real estate market.”

IRELAND
Jonathan SheehanPartnerT +353 1 470 6639jonathan.sheehan@walkersglobal.com

JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Jon Le RossignolGroup Partner*T +44 (0) 1534 700 716jon.lerossignol@walkersglobal.com