To enable our clients in the real estate sector to focus on their core business of delivering outstanding returns and an enhanced investment experience for their investors, we provide a highly specialised service. It is both flexible and tailored, and designed to match our clients’ unique and specific requirements.
Working closely with each of our clients as – in the words of one of them – “an extended workbench”, we ensure exceptional service delivery to meet all of their administrative and accounting requirements.
From management accounts to audited financial statements, from VAT returns to CIS submissions, we assist our clients with all forms of reporting obligations. From fund launch to asset disposals, for the late night completions and the routine investor communications, we support our clients through every aspect of their funds’ life cycles.
Fund & corporate administration services
Without exception, each real estate firm’s administration requirements are unique, detailed and extremely demanding. To all but a few of the largest firms in the sector – these requirements are non-core. Operationally they require significant amounts of time and dedicated resources to administer them effectively. With investors increasingly calling for these activities to be outsourced, the appointment of a high quality and independent administrator is of crucial importance. Our clients benefit from our highly specialist alternative investment services, our skills, and our experience. We enable them to focus solely on their core business. Our clients know that our highly experienced team – one that understands the sector, the market and the specific nuances of different fund and investment holding structures – is a valuable extension of their back office and a powerful asset to their business. We provide a suite of back office and administration services. These are designed to assist our clients with activities such as real estate fund raising, and establishment and efficient operations, of the fund structures. We support them through the numerous investment and divestment cycles and the associated investor, fund and regulatory reporting.
Our services include:
- Establishment of companies, partnerships and unit trusts
- Statutory filings
- Full company secretarial services
- Provision of registered office
- Provision of directors
- Working with key advisers
- Liaison with local regulators
- Provision of company officers:
- Compliance officer
- Money laundering compliance officer
- Money laundering reporting officer
- Directors and conducting officer for AIFM
- Assistance with local regulatory requirements
- Acting as authorised regulated operator
- Registrar services
Saltgate (UK) Limited is authorised by the Financial Conduct Authority to carry on the regulated activity of establishing, operating or winding up collective investment schemes.
Among a significant number of the larger leading real estate firms, we are recognised for an intelligent and articulate approach which mirrors theirs. Just as they do with their investors, we focus on keeping our clients happy – for the long term. We know that our clients’ investors are as important to them, as our clients are to us. This understanding drives our whole approach to investor relations where the emphasis is on providing unobtrusive but influential, high value added services. The coordination of closing documentation, KYC and investor queries, places significant demands on clients. By maintaining regular and open communication with them, and their investors, and by following tailor made risk management processes, we address all the inherent administrative and logistical challenges. Therefore, in the knowledge that their investors’ compliance and information requirements are being expertly fulfilled, our clients can focus on their core business. Of course, the exact nature of our clients’ investor onboarding, reporting and communication varies according to the specific needs of their funds and their investors.
A comprehensive suite of real estate investor services designed for real estate fund administration:
- Onboarding of investors with relevant KYC checks
- Responding to investor queries and requests
- Calculation and generation of drawdowns and distributions
- Processing of subscriptions, redemptions and secondary market transfers
- Matched bargain services
- Investor reporting
- Investor due diligence and fund governance
Accounting & Reporting Services
Where large, complex and active funds – with tight reporting timetables are concerned, careful, unrelenting attention to detail, and rigorous adherence to strict timetables with non-negotiable deadlines are not only critical, and a given at Saltgate. We go further. By applying our team’s industry knowledge and deep experience of the real estate and infrastructure sector, and by placing additional emphasis on the subtler, but no less critical, elements of real estate and infrastructure fund accounting we’ve turned a speciality into our passion. The beneficiaries are our clients. Right first time and right on time, are much more than features of our service; they’re in our DNA.
A suite of accounting and reporting services designed to streamline and enhance real estate & infrastructure fund administration:
- Financial accounting and bookkeeping (under local GAAP, IFRS)
- Calculation of NAV
- Preparation of capital accounts
- Accounting and forecasting
- Liaison with auditors
- VAT returns
- Tax compliance
While the requirement to appoint a depositary is mandatory, we maintain that our role as depositary provider is privileged – and entirely at our clients’ discretion. It is for this reason that our specialised depositary service is not offered as a ‘single-service’ line, but as a fully integrated part of a client’s wider suite of alternative investment services. To ensure a smoothly conducted and cost-effective service it is crucial to structure it around clients’ existing processes. We provide depositary services to closed-ended alternative investment funds that invest in non-custody asset classes.
Our services include:
- Cash-flow monitoring
- Safekeeping of assets, including verification of asset ownership
- Oversight of the activities of the fund, including monitoring of transactions and valuations
- Oversight of the manager, including compliance with applicable law and regulations and monitoring the effectiveness of the control environment
Transaction support services
Where large acquisitions, disposals and re-financing with tight timetables and non-negotiable deadlines are concerned, our careful project management, unrelenting attention to detail and rigorous adherence to strict timetables are all critical, but also a given. We go further. By combining our team’s industry knowledge and deep experience of real estate sector transactions with our commitment and exceptional client service, we ensure that our clients’ transactions complete precisely when they should. Whether it’s the middle of the day or the middle of the night, our systems and management structures are designed to deliver absolute certainty. The beneficiaries are our clients. Right first time and right on time are much more than features of our service; they’re in our DNA.
Our suite of transaction support services is designed to administer real estate funds and includes:
- Working with your deal teams and key advisers
- Project management
- Establishment of companies, limited partnerships and unit trusts
- Liaison with local regulators and statutory filings
- Opening and maintaining bank accounts
- Cash management and treasury services
- Full company secretarial services.
- Provision of registered office, directors and trustees