Menu
Streaming Now
Facebook

Douglas Bay Complex sells for £12.8m

Wed, 30 Dec 2020


One of the island’s largest office buildings has been sold for £12.8m.

The Douglas Bay complex on Onchan Head is probably best known for being the being the headquarters of online gambling company PokerStars.

Law firm Appleby which advised the buyer on the sale describes it as one of the most significant commercial property transactions on the Isle of Man this year.

It was bought by Guernsey-based investors trading as Douglas Bay Property Limited. 

The sale price is lower than the original asking price of nearer £20m.

It’s understood there’ll be no impact on the existing tenants and the hundreds of staff employed there.

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed
More News Stories

News Archive