LaSalle Investment Management has sold Queensway House, Jersey for GBP18,978,000 to Redevco UK, a subsidiary of the Dutch property company.

Built in 1975 and fully refurbished in the late 1990s, the property is a modern town centre mixed investment.

It covers an area totaling approximately 38,000 square feet and is occupied by Monsoon and Next at ground level with offices let to Computeshare and two private flats on the floors above.

The purchaser has acquired the freehold of the property from the Jersey based dedicated holding company for the property owned by a client of LaSalle’s, Queensway Properties (St Helier).
 
Adrian Peachey, national head of retail for Jones Lang LaSalle, says: “We are pleased to have secured this sale, which will allow Redevco to acquire an attractive investment in a desirable location. I would like to congratulate the team on their endeavours in completing this transaction.”