PwC Channel Islands has announced new leadership in its real estate team to support clients in “tackling challenges and seizing opportunities in a fast-changing market”.
Ian Tait, a partner with more than 20 years of experience across multiple jurisdictions, has been appointed PwC Channel Islands Real Estate Leader.
Mr Tait will be supported by highly experienced Guernsey Real Estate Leader, Jonathan Mauger, alongside newly appointed Jersey Real Estate Leader Nadine van der Westhuizen, who has worked at PwC for more than 15 years in South Africa, London and the Channel Islands.
Harry Philpott joins the real estate valuations and advisory team following 14 years at Savills. Led by Tom Walker, the team provides strategic, commercial, financial and valuation advice across a wide range of real estate sectors.
PwC CI’s audit team works with real estate funds, REITs and corporates, using “data-enabled methodologies and support from the firm’s valuation experts”. Under Stuart Macklin’s leadership, the tax team provides UK and cross border tax advice.
The firm said the expansion of the real estate team responds to a “continuing recalibration” within the real estate industry prompted by decarbonisation, tech innovation and lifestyle shifts, as well as the impact of higher for longer interest rates on valuations and performance.
It added that Jersey and Guernsey’s stable regulatory and tax environment, as well as their “highly experienced administrators and well-established fund ecosystem”, means the Channel Islands remain “well placed to capitalise on these emerging opportunities”.
“The Channel Islands have long been competitive and sophisticated centres for structuring and managing real estate investment,” said Mr Tait.
“With growing market opportunities and increasing client demand, I’m excited to be leading the expansion of our PwC Channel Islands Real Estate team as we continue to help clients build, sustain and accelerate their ambitions.”