Henley Investments has announced the successful sale of Charter Place, a prominent office building located in the heart of St Helier’s business district in Jersey.
The £12.5 million deal reflects Henley’s strategic approach to portfolio management and capital recycling.
Charter Place: A Key Asset
Charter Place is a five-storey office building comprising 32,120 sq. ft. of premium office space. It is fully let to high-profile tenants, including Gen II, Dominion, and Praxis IFM. Henley acquired the building in 2019 for £11.5 million, marking its first investment in the Channel Islands.
Ian Rickwood, Chairman of Henley Investments, commented:
”We are pleased to have executed the sale of this asset. In a difficult office market it performed really well through active asset management. We are now taking the opportunity to recycle capital as we continue to invest heavily in the residential space, where we are delivering new homes and communities through sustainable placemaking projects, regenerating brownfield sites and also providing secure income returns while creating significant social value through our SIPUT funds.
Henley is committed to significant investments in residential projects, with a focus on sustainable development and the regeneration of brownfield sites.
Looking Ahead
Henley’s upcoming developments include a £300 million residential and logistics scheme in Fulham, as well as the transformation of Manchester’s Regent Retail Park into a landmark residential community featuring a tower exceeding 70 storeys.
Advisory support for the sale was provided by D2 Real Estate and Mourant for Henley, while Collas Crill acted for the buyer, Stonehaven Properties.
This transaction highlights Henley’s expertise in asset management and its focus on delivering high-quality developments that create long-term value and benefit local communities.
9th January 2025
Read the original full article at Green Street.
