Bedell Cristin advises on the acquisition of Jersey's largest retail outlet.08 Nov 2017
Bedell Cristin's leading commercial property team in Jersey has advised on the purchase of the new landmark Next Department Store. The store has recently been redeveloped, having previously formed part of De Gruchy's Department Store, which is a landmark Jersey building. The purchaser is a subsidiary of a large property investment structure administered by ZEDRA Trust.
The Bedell Cristin team was led by senior associate Natalie Harris and overseen by head of property, Guy Le Sueur. The new building totals a gross internal area of nearly 38,000 square feet. It is believed to be Jersey's largest single outlet premier high street retail store.
Guy Le Sueur commented:
"We were delighted to assist the purchaser with this exciting addition to St Helier's high street. It is a testament to the technical skills and experience of the team that ZEDRA Trust chose to instruct Bedell Cristin's commercial property department on such a significant acquisition".