February 2015

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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