Henley Investment Management has completed the sale of a prime office building in St Helier, within Jersey’s central business district, to Stonehaven Properties for £12.5m.
Charter Place is a modern five-storey building comprising 32,120 sq ft of office space, shower facilities on each floor and basement parking. The building is fully leased to three tenants: Gen II, Praxis IFM and Dominion.
Ian Rickwood, chairman of Henley Investment Management, said: “We are pleased to have executed the sale of this asset. In a difficult office market it performed really well through active asset management. We are now taking the opportunity to recycle capital as we continue to invest heavily in the residential space, where we are delivering new homes and communities through sustainable placemaking projects, regenerating brownfield sites and also providing secure income returns while creating significant social value through our SIPUT funds.”
