LONDON-Property investment company Newport Holdings has bought the freehold of Dolphin House, Colomberie, St Helier, Jersey from Amice Holdings for £5.6million ($8.8 million) in cash and shares. The property comprises 18,654 sf of office space on three floors, seven apartments and 32 car parking spaces.

Dolphin House is let to NatWest Bank on a lease expiring in February 2012 at a current rent of £460,000 ($722,000) per annum, with rent reviews in February 2003 and 2006.

Commenting on the acquisition, Bob Carlton-Porter, Chairman of Newport, said: “We are delighted to have further expanded our portfolio to include property within the Channel Islands, where prospects are positive. The vendor has taken as part consideration, Newport shares at a premium to the current market price.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.