The acquisition, which completed on 28 October 2020, is one of the most significant commercial property transactions in the Isle of Man this year.
The Douglas Bay Complex is an iconic Grade A office building located on Onchan Head in the Isle of Man, which currently serves as the Isle of Man headquarters of Quilter International, an international investment, savings and insurance group, and The Stars Group, a leading international online gaming business.
Douglas Bay Property Limited is advised by Ravenscroft Consultancy & Listing Services Limited, a member of the Ravenscroft Group, which established a presence on the Isle of Man earlier this year when it acquired WH Ireland (IOM) Limited.
Appleby’s commercial property team was led by partner Claire Milne, with assistance from associate Melissa Wong. Partners Garry Manley and Tom Brook assisted with corporate, regulatory and banking matters, with assistance from senior associate Helen Fretwell and trainee Katie Entwistle.
Appleby’s Isle of Man property team has been providing services to commercial clients for over a century. As the largest commercial law firm on the Island, the team advises many leading commercial entities on their real estate transactions.