Seaton Place secures record Jersey buy

Gaspe House Seaton Place

Investor Seaton Place has completed the largest ever single property transaction in the history of Channel Islands having acquired Gaspe House in Jersey’s capital St Helier from developer Dandara.

The 164,000 sq ft office building is fully-let on long leases to the Royal Bank of Canada, First Names Group, Collas Crill and Deloitte and occupies a prime seafront position on the Esplanade in St Helier. It is a Grade A office building with a BREEAM rating of Excellent. 

Dandara put the six-storey building up for sale last July, as revealed by Property Week, with the estimated sale price of £90m, easily beating the previous record of £61m set by Riverside Capital with the sale of Trafalgar Court in Guernsey to Stenprop in March 2015.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue