Global Net Lease the US real estate investment trust, advised by Colliers, has acquired Trafalgar Court, a 113,713 sq ft office property in Guernsey, for £55 million from Stenprop.
Located in St Peter Port, the island’s major commercial centre, the office property is let to Aztec Financial Services and Northern Trust. Arranged across ground and four upper floors, with modern fit out, Trafalgar Court also benefits from 518 car parking spaces and sea views.
Ben Thomason, director in the Debt Advisory team at Colliers, comments: “Trafalgar Court is one of the most prominent office buildings in St Peter Port. With its strong covenant and excellent location the decision for Global Net Lease to acquire it was a simple one and we are delighted to have been able to secure them this asset.”