Maples and Calder, the Maples Group's law firm, has acted as lead Jersey counsel for Apache Capital Partners in relation to the sale of office buildings at 18-22 Grenville Street, St Helier, by way of a share sale to the Channel Islands Property Fund for an undisclosed sum.
Apache Capital is a London-based investor, developer and operator of living estate. The 49,000 sq ft single-let office building at Grenville Street, the headquarters of law firm Mourant, represented the sole commercial property within Apache Capital's portfolio.
The re-gearing of the occupational lease and the subsequent share sale were both negotiated during Covid-19 lockdown. Apache plans to re-invest the funds from the disposal in the senior living and build-to-rent sectors.
Teams in the Maples Group's Jersey and Dublin offices advised on the sale and disclosure process, prepared and negotiated all transaction documentation and provided transactional support to complete the transaction.
The Jersey team was led by Group Partner Simon Hopwood and Partner Paul Burton, supported by Associates Amy Black and John Burns. They collaborated with Dublin Partner Deirdre MacCarthy and Associate William Darmody on transactional support.