Douglas Bay Complex sold
Printed and digital download photos available The Douglas Bay Complex, understood to be the largest office building in the island, has been sold. The business venue, extending to more than 66,000 sq ft and 300 plus parking spaces, had an asking price of nearly £20m. It stands on the site of the former Douglas Bay Hotel which burned to the ground in 1988. Property agents, Black Grace Cowley confirmed the sale. Director Mark Grace said that for the third time in 20 years, he and the company have sold the huge property, this time for an undisclosed sum, to Channel Island Investors. He said: ’...
Source: iomtoday.co.im