37 Esplanade - Jersey
20th February 2018
Dandara, represented by Savills, has sold 37 Esplanade a multi-let office building in St Helier, Jersey to overseas clients of Cyril Leonard for £45m
88,353 sq ft prime office building was constructed in 2013 and provides Grade A
office space over a basement, ground and six upper floors. Multi-let to tenants
including KPMG, PwC, First Names Group and VG Group with average unexpired
lease terms of 10 years.
is located in St Helier’s financial district and is close to the Jersey
International Finance Centre which is currently under construction. Nearby
occupiers include HSBC, Citibank and Royal Bank of Canada.
Andrew Hogge of Cyril Leonard who advised the purchasers,
said: "Taking into account the prime location, the grade A specification and
the well secured income, our clients are very pleased with this purchase."
Rowbotham, head of Savills Channel Islands office, said: "We are delighted to
have worked with our investment colleagues in London to advise Dandara on the
disposal of 37 Esplanade. Jersey is an exceptionally strong occupational market
and it was good to bring this international capital through our global network
to the island."