The intention is to combine and develop the two sites to create approximately 70,000 sq ft of office space. The property was acquired from Le Masurier, one of Jersey’s oldest and largest commercial property companies in an off-market deal on confidential terms and will undergo a comprehensive redevelopment and will be let and held as an investment.

Following two landmark acquisitions in 2025 — Site 1 in March and Site 2 in October — plans are underway for a combined redevelopment delivering 70,000 sq ft of prime office space on the Esplanade in St Helier.

Commenting on the transaction, CEO, Edward Moore commented

“This acquisition builds on our earlier purchase and reinforces our confidence in Jersey’s prime office market.  We are working with our design team to explore opportunities to combine both sites into a landmark destination designed specifically to meet the needs of discerning quality anchor tenants.”