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D2 act on the sale of IFC 5

Posted on August 15, 2019

D2 Real Estate, alongside JLL, are delighted to have acted for Jersey Development Company in the sale of IFC 5.  The property was sold for £46.7m reflecting a net initial yield of 5.75% and follows on from the successful sale of IFC 1 last year at £43.7m.

2019 is proving to be a strong year for the Channel Island’s investment market with a number of high profile sales completing recently.  Demand is being driven by HNW’s and overseas investors.

Development of the third phase of the International Finance Centre is due to start imminently and D2 Real Estate are negotiating with a number of interested parties on potential pre-lets.

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