Carey Olsen supports Polygon with new venture

Tuesday 19 May 2020

Carey Olsen's commercial property team has said it is pleased to support long-standing client Polygon Collective in facilitating its investment into the 'serviced office' market in Guernsey.

It has bought two "high profile and premium" office buildings. They are the recently refurbished Les Vardes House and the historic and prominent Bucktrout House on Glategny Esplanade.

The serviced office concept is based upon the provision of equipped, office space with facilities to businesses with a flexible and often short (rolling) term occupation arrangements.

Polygon Collective, an independent family-owned investment company, has already manages this serviced office concept in Jersey, and has said it is excited about the opportunity of bringing the same to Guernsey.

The Carey Olsen team was led by partner Jason Morgan, with general transactional assistance from associate Kieran Ogilvie. Senior associate Rachel Jones supported on the planning aspects.

Mr Morgan said: "We are pleased that we could complete this work for the Polygon Collective in such a short space of time so as to ensure that it can deliver its proposed serviced office business to the island."

Polygon Collective CEO Paul Wright added: "Carey Olsen, as always, provided exceptional and clear advice on all commercial property aspects in supporting our serviced office venture in relation to our occupation arrangements at Les Vardes House and purchase of Bucktrout House. The team were particularly focused on finding commercially attractive solutions while maintaining their exceptional technical abilities in facilitating our goals."

Pictured: Jason Morgan.