Property fund buys buildings at Liberty Wharf

Wednesday 21 September 2016

Liberation House and Windward House on the St Helier waterfront, together with 51 parking spaces, have been sold for £34m.

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.

"These two properties fit perfectly with the Channel Islands Property Fund portfolio, which includes offices in Seaton Place and on the Esplanade in Jersey and Regency Court, Glategny Court and Carey House in Guernsey; as well as Fort Anne in the Isle of Man.

"The fund continues to grow in popularity with investors who want a solid and stable investment option," said Jon Ravenscroft, Group Chief Executive Officer of Ravenscroft, which acts as investment manager to the Channel Islands Property Fund.