Henley has made its first acquisition in the Channel Islands, partly because of Brexit.
The private equity firm has acquired Charter Place, a 35,000 sq ft Grade A office building, in St Helier, Jersey, for £11.5m.
Henley chief executive Ian Rickwood said Brexit was a factor behind he decision to buy the property, which is home to firms such as Crestbridge, Triton Administration and MRI Services.
“Whatever happens with Brexit, the Channel Islands should keep its existing relationship as part of the Customs Union.”
“That fact, coupled with Jersey’s steadily increasing rent levels over the past decade, growing population and rising GDP, makes it an attractive market for us and our investors.”
10th January 2019 | Article by Guy Montague-Jones | Property Week Online