Channel Islands Property Fund to acquire office buildings at Liberty Wharf

Wednesday 17 February 2016

Two landmark buildings in Jersey, Liberation House and Windward House, are to be acquired by the Channel Islands Property Fund.

The specialist Channel Islands’ real estate investment company, which already owns offices in Seaton Place and on the Esplanade in Jersey, as well as Regency Court, Glategny Court and Carey House in Guernsey, are to acquire both properties together with 51 parking spaces.

Built in 2007, Liberation House, which measures more than 61,000 sq.ft. over six storeys, is let to a number of tenants including Ernst & Young and Moore Management. BDO is the sole tenant of Windward House, which measures 23,500 sq.ft.

Jon Ravenscroft, group chief executive of Ravenscroft, which acts as investment manager to the fund said: "The fund is growing in popularity with investors who recognise that it provides them with a solid and stable investment option. These two properties are a great addition to the portfolio and, following their successful acquisition, the value of the assets in the fund will be evenly split between the two Islands."