Mourant Property team advise on largest office transaction to complete in the Channel Islands in 2024

Mourant, a law firm-led professional services business, has advised Henley Investment Management on the sale of an office in Jersey in a deal worth £12.5 million – the largest office transaction to complete in the Channel Islands in 2024.

Charter Place is a five-storey office building comprising 32,120 sq. ft. of premium office space in St Helier’s business district, which is fully let to high-profile tenants. After several bids in excess of the quoting price, the investment was purchased by a syndicate of local investors.

Henley is an international investment and fund management firm with a focus on private equity real estate, managing both institutional and private investor capital. Henley’s diversified investments span opportunistic, value-add and core-plus strategies across multiple sectors in the UK, Europe and the US. Henley is impact-led, focused on improving the spaces and communities in which it invests, and creating sustainable returns effectively and responsibly. This latest deal reflects Henley’s strategic approach to portfolio management and capital recycling.

The transaction completed in the last Jersey court sitting of 2024 and was led by Julie Melia, Head of the Mourant Jersey Property team, who, in addition to completing the sale, advised on the implementation of all occupational leases at Charter Place.

“Finalising this sale was the perfect end to the year. We were delighted to have supported Henley on the successful execution of this landmark transaction, and wish them all the best with their ambitious future plans.”