LE MASURIER SELL JERSEY PROPERTY TO MAKE WAY FOR NEW UK AND EUROPEAN ACQUISITIONS

| September 2, 2014 | 0 Comments

C Le Masurier Limited have recently disposed of a second Jersey property generating cumulative proceeds of £3.3m.

59/61 King Street, trading as Restaurant de la Poste and Jersey Pottery Café, and 18 Broad Street, trading as the Town Jewellers, were sold last month. The former Motor Museum, trading as Morton & Morton, and Alexandra Court in St Peter were sold last Friday.

Ben Ludlam, Group Property Director said:

‘These disposals form part of our strategy of divestment from non-core investments in Jersey, with proceeds being reinvested in commercial property in the UK and Continental Europe, and we are hoping to complete a further couple of acquisitions there before the end of this year’.

Category: Finance & Business

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