Over the past ten years Gibraltar has enjoyed a boom of commercial and residential property development including an initiative by Government for the re-generation of the old part of the City of Gibraltar.
ISOLAS has a wealth of experience in property development and finance and has been involved in almost every project in Gibraltar over that period of time.
The work ranges from representing international banks with the financing of the new local hospital to assisting banks with the financing of large and small residential projects, as well as representing developers in the entire process of acquisition, design, planning, construction and dispute resolution through to the completion and sale of these projects to private purchasers.
Our property expertise emanates from working for many years in advising private individuals, property development companies and financial institutions on all aspects of this industry.
The Property Development Team would provide you with the expertise required in order for you to optimise the anticipated returns on your project, as well as ensuring when working for financial institutions that good quality work is delivered on time and on budget.
Our expertise includes:
Planning applications and planning issues (change of use, etc)
Pre-sales and purchasers documentation
All commercial aspects on behalf of the developers
Examples of our recent work:
We represented the developer in all aspects of the “Europlaza” development (160 luxury residential units) from land acquisition through financing and construction documentation to completion of the project including disputes with contractors (completed January 2007).
We represented The Royal Bank of Scotland International in the project facility and financing of “The Anchorage” residential development comprising over 100 luxury residential units.
We represented Barclays Bank Plc in the construction and banking facilities for the “Genista” residential project.
We represented the current owners of the Europort complex in Gibraltar in the purchase of the property and continue to advise them in all day-to-day matters in respect of the commercial letting of Gibraltar’s leading office building.
We represented the developers of the luxury residential development “Atlantic Suites” of some 130 units in all aspects of the development including the acquisition, construction, financing and disputes with contractors for the completion of the scheme (completed August 2007).
We represented The Royal Bank of Scotland International in the financing and construction facility for “The Sails”, a unique development on Gibraltar’s land reclaimed from the sea on the Queensway Quay marina.
We represented the developer of “Quay 27” and “Quay 29” in all aspects of this development from the acquisition of land to construction, financing and construction documentation. "Quay 31” is soon to be completed.
New Developments in Gibraltar
Below are the latest developments under construction in Gibraltar:
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Bob Peliza Mews
Hassan Centenary Terraces