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Apache Capital Partners sells sole commercial property within portfolio

The 49,000 sq. ft. single-let office building in St. Helier, Jersey has been sold to the Channel Island Property Fund (CIPF) for an undisclosed sum. CIPF was represented by D2 Real Estate. Prior to the sale, Apache Capital re-geared the lease with the sole occupier – offshore law firm Mourants – during the height of the lockdown. Mourant signed a 15-year lease with no break options in May 2020.

Funds from the disposal will be reinvested into Apache Capital’s living real estate strategies, which target the senior living and build-to-rent (BTR - also known as multifamily) sectors. 

18 – 22 Grenville Street, which was acquired by Apache Capital in October 2014, sits on the junction of both Grenville Street and Green Street, an established business district within St. Helier, Jersey’s capital. Occupiers within the vicinity include US investment bank JP Morgan, State Street Bank, Jersey Telecom and wealth manager Zedra. The island’s main retail and hospitality areas of King Street and Liberation Square are just a few minutes’ walk away.

Apache Capital has a proven track record of setting new benchmarks in the sectors and geographies the business is active in.
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