Mourant, a law firm-led professional services business, has assisted The Channel Islands Co-operative Society with a 21-year lease at the newly constructed retail unit at Five Oaks Business Park.
The £12m business park comprises a Co-operative food store, self-storage facility and industrial unit measuring 10,300 sq ft.
Mourant advised the Co-operative on a pre-let agreement, which was signed off-plan before the development started, and saw the deal through to completion and passing of the lease before Court last week.
The lease marks the next phase of the Co-operative’s retail expansion in Jersey. Mourant also assisted the Co-operative last year with its new store at Sion.
Georgina Cook, Counsel in the Mourant Jersey property team, said: “This deal highlights the team’s long running and trusted relationship with the Co-op, as well as our expertise and strong knowledge of the Jersey commercial property market. It was a pleasure to work with the Co-op again and we wish them every success in the expansion of their Jersey operation.”