Collas Crill has advised the Channel Islands Property Fund on a placing of a further 41,775,000 shares, valued at £1 each, on to the official list of the Channel Islands Securities Exchange.
The proceeds of the placing were used in the acquisition of two prestigious commercial properties in the Channel Islands: 40 Esplanade in St Helier, and Glategny Court in St Peter Port.
A Collas Crill team led by Paul Wilkes and Wayne Atkinson advised in relation to the placing, financing arrangements and company aspects of the acquisitions, while Collas Crill's commercial property team advised in relation to the acquisition of Glategny Court.