Polygon News

Polygon Properties expands its Jersey commercial property portfolio

Polygon Properties Limited, a wholly owned subsidiary of Polygon Group Limited, has purchased 5 Anley Street in St Helier, Jersey, a strategic acquisition to add to the group’s Jersey property portfolio.

The property comprises 9,500 square feet of purpose built office accommodation and is located in a prime location near the heart of St Helier’s growing International Finance Centre. The building is fully tenanted.

This is the third commercial property purchased by Polygon Properties in recent years, the other two being Forum block 3 and Forum block 4 in Grenville Street, St Helier. The group also owns a number of commercial and residential properties in Guernsey.

Polygon Properties was advised on the acquisition by Carey Olsen and the financial structuring was supported by ABN AMRO.

Alex Belcher, Director of Polygon Properties, commented:
“We are very excited to add this asset to our Channel Islands portfolio. The property provides excellent office accommodation in a prime location, and the acquisition fits in perfectly with our current investment strategy.”

(Photo L-R: Chris Philpott (Carey Olsen) & Alex Belcher (Polygon Properties))

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Polygon Sponsors The Guernsey Bach Choir

Polygon is delighted to announce that they will be sponsoring The Guernsey Bach Choir for the next five years.

The Choir was formed in February 2007 by conductor Alan Gough, and it has given many concerts in various venues across the Island in that time. Although named The Guernsey Bach Choir, this vocal ensemble does not limit itself to the music of one composer alone, but now has a rapidly growing repertoire of anthems, part-songs, madrigals and popular music both sacred and secular.

Alan Gough commented:
“It’s fantastic to be able to secure the next five years – these funds keep our choir of 30 members performing across the Island throughout the year as well as giving us the opportunity to bring over top professional soloists from the UK to support us which provides our audiences with truly memorable and thrilling performances.”

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Polygon Catamaran: Cannonball Raid 2016

A mixed Channel Islands fleet of Hobie Catamarans and the Nacra ‘Polygon’ were greeted with a building SW F4-5 breeze and sunshine for the inaugural Cannonball Raid, a long distance race around Bailiwick waters.

Polygon led the fleet off the start line and up the beat to Amfre rock. Rounding in pole position ‘Polygon’ went on to extend their lead over the first few miles of the next leg, a fast reach across the Big Russell to Brecqhou, however trailed the Hobie Tiger ‘Raven Russia’ into the Gouliot Passage. Polygon continued to chase Raven Russia back across the Russell, rounding the Fourquies Buoy, then once again fast reaching downwind through the Tobars passage and all the way to Brehon Tower. Rounding Brehon race mark in second place ‘Polygon’ showed their upwind speed and after a few tacks reclaimed first place which was maintained around Lower Heads Buoy and finally Gabriel race mark before an exciting downwind run under spinnaker to take line honours in a time of 1 hour 37 minutes.

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Polygon Group Pursuit 2016

This years pursuit race to Alderney was the first to officially include catamarans so there was much excitement as the handicaps are applied at the start with the slowest boats starting before the fastest. In this case the fastest was the Nacra F20 Carbon ‘Polygon’ which started some two and a half hours after the first boat! With very light winds forecast and a favourable tide for the early starters this was always going to be a struggle and after being totally becalmed for the first half an hour giving the first boats off an even bigger start. However, under full spinnaker ‘Polygon’ started to get into some breeze, picked up speed to about 16kts and fizzed past the majority of the fleet on the way up to Alderney. Unfortunately the chase was just to big on this occasion with ‘Polygon’ finishing in 3rd place overall.

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Polygon Group creates new business development role

Polygon - Laura PrestonLaura Preston has been appointed Business Development Director for Polygon Group.

Laura has enjoyed a 17-year career within the finance industry, having held a number of roles with leading banking organisations including Bank of Butterfield and most recently Investec Bank.
With diplomas in both financial services management and marketing, Laura has extensive experience in client relationship management and business development. As Investec’s Business Development Manager she was responsible for promoting the bank’s lending and wealth management services to its high net worth Channel Island and international private client base. In her new role Laura will be involved with launching Polygon’s first bond as well as taking on responsibility for the promotion of Polygon’s and Vantage Group’s other services. Laura will also be looking at new opportunities for the Group.

Martin Belcher, Chairman of Polygon Group commented:
‘We have been refining Polygon’s investment strategy over the past few years and we have some exciting future growth opportunities and development plans in place. It’s the ideal time for us to have a full time business development resource to support the company in driving these plans forward. I am delighted to welcome Laura to the Polygon team. I am sure that her experience will be invaluable to this new position and I am looking forward to working with her towards the on-going success of our organisation.’

Laura is excited by the challenges ahead.
‘The role is the perfect opportunity to apply my business development skills. I am looking forward to assisting Polygon to find new investment opportunities and contributing to the company’s future expansion.’

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Polygon’s 40th anniversary party goes with a bang

Fire dancers, balancing acts and jugglers formed just part of the entertainment at Polygon’s 40th anniversary party which took place earlier this month at Castle Cornet. The castle was transformed from medieval fortress to modern-day gala venue with the various performers located around the grounds for the one hundred or so guests to enjoy with their pre-dinner drinks and canapés. This was followed by dinner in a marquee on Top Lawn. The evening culminated in a spectacular firework display over St Peter Port and a finale combined performance by all the evening’s entertainers on the Lower Battlements. The event was a double celebration as it also marked the ruby wedding anniversary of Polygon’s Chairman Martin Belcher and his wife Cathy. Martin commented: ‘We were delighted to welcome so many of our friends, clients and colleagues who have supported us over the past four decades as Polygon has evolved from an aviation insurance company and underwriter to the independent property and business investment company that it is today. It was the perfect way to mark such an important milestone for the organisation.’

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Polygon 40 / 40 party at Castle Cornet


Polygon 40 / 40 party at Castle Cornet

Polygon 40 / 40 party at Castle Cornet









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Polygon Pursuit 2015

Details of the annual Polygon Group Pursuit Guernsey-Alderney Race have been released. The race will take place on Saturday 8th August 2015 at approximately 10.30am.

Entry Forms can be obtained by clicking here or via the Guernsey Yacht Club website along with further information on the race and sailing instructions.

The closing date for entries is Saturday 1st August 2015.


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Forum 3 celebrates its first year

Part of Polygon Properties’ property portfolio, Forum 3 in Jersey celebrated its first birthday on Friday with a drinks reception attended by friends, supporters, current and prospective occupants. Since its purchase back in 2013, the building has been refurbished and represents Jersey’s only ecosystem, a concept that originated in Silicon Valley and which is now found in other thriving business centres including San Francisco, London and Berlin. The ethos is to enable embryonic business ideas to incubate in a supportive environment and accelerate into fully formed businesses.

The second floor of the building, Stratus 2, provides accommodation for small businesses – from ‘one-man-bands’ to operations of up 10 staff. It has remained at full capacity since the building was opened.

Based on the success of Forum 3 and the level of take-up from the Jersey business community, Forum 4 was purchased earlier this year. It has now been refurbished and new occupants have already moved in.

These two buildings form an important element of Polygon’s growing property investment portfolio and reflect a positive economic climate in Jersey.

We congratulate the Forum 3 management team on its achievements over the past year and look forward to its continuing success in the future.

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Polygon Purchases Forum 4

Polygon Properties Limited, part of the Polygon Group, has purchased Forum 4, Grenville Street, Jersey – a strategic acquisition for the company’s Jersey property portfolio.

The property is a prominent Grade A office building in central St Helier originally built in the mid 1980’s and fully refurbished in 2012. The building’s tenants include J.P. Morgan, HLB Jackson Fox and Perdurance Asset Management.

The purchase follows Polygon’s acquisition in 2013 of neighbouring Forum 3 (F3) which was the group’s first Jersey commercial property investment and is now the centre for Digital Jersey and technology-themed serviced offices.

Carey Olsen’s property team, led by partner and head of property Chris Philpott, advised on all aspects of the purchase. Mr Philpott said: “Polygon ‘s latest purchase, hot on the heels of its recent acquisition of the neighbouring F3, is testament to the positive investment climate we are seeing in Jersey and the continued appeal of Jersey commercial property to investors.”

Polygon’s Alex Belcher said: “We are very excited about our recent purchase. It will allow us to accelerate the tech sector in Jersey and revitalise the Grenville Street area of town.”

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Polygon Group Pursuit Race Guernsey To Alderney

The Polygon Group Pursuit Race Guernsey To Alderney will take place on Saturday 2 August from 7.00 am. Full details, including entry forms can be downloaded here.

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