Aviva Investors has completed the sale of its stunning leisure park at The Waterfront in St Helier to The States of Jersey for £16.2 million, which reflects a net initial yield of 6.74%. The long leasehold scheme dates from 2002 and is anchored by a Cineworld multiplex cinema and a local authority run waterpark, with a Fitness First gym and restaurants run by both national and local occupiers.
Our Partner Will Andrews said: “The Waterfront is the dominant leisure scheme on the island of Jersey and lies at the edge of St Helier, close to high value residential areas and the International Finance Centre. The sale attracted interest from both UK and local investors.”
Please contact Will Andrews or Mark Smith for further information.