The Channel Islands Property Fund acquisition of Royal Bank Place

Overview:

• The Channel Islands Property Fund Limited (CIPF) has acquired Royal Bank Place in St Peter Port Guernsey from a group of high net worth investors.
• The building's tenants include The Royal Bank of Scotland International (RBS International), PwC and Apax Partners.
• The 40,000 square feet building is on the site of the former Royal Hotel.
• The deal was funded in part by a loan made available by RBS International.
• Ravenscroft is the manager of the acquiring fund.

Sam Duke