In uncertain times, it is only natural that people seek out
stability. With a global reputation as a stable, self-governing and
well-established financial centre – and the mantle of the
sunniest place in the British Isles – it is no wonder that
investors are drawn to Jersey.
With high demand for quality real estate to support the
Island's growing financial services industry, the local real
estate market has enjoyed a period of sustained growth across both
residential and commercial sectors over the last three years. The
commercial market in 2018 saw records broken when the Channel
Islands' largest single commercial property transaction (both
in terms of sale price and lot size) was completed with the
c.£90m sale of Gaspé House, followed shortly by the
sales of IFC 1 (£43.7m) and IFC 5 (£46.7m), the first
two completed buildings at Jersey's new International Finance
Centre. Carey Olsen was instructed as lead counsel on each of these
standout transactions.
