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.

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