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Columbia Estates sells Spencer Close and Lodge to Andium Homes in Jersey

Columbia Group is pleased to confirm that its subsidiary Columbia Estates has agreed on terms to sell the estates Spencer Close and Spencer Lodge to Andium Homes Limited (Andium) in Jersey.

David Kennedy, CEO of Columbia Group, Commented:

‘I am delighted that we have been able to now agree this sale with Andium. We fully support Andium’s role as a publicly-owned affordable housing provider, and we believe this is the most appropriate and positive outcome for our tenants and the island. As a business, we are entering a new era where we are increasing our investment in high-quality, environmentally sustainable developments. We have an excellent track record of doing this in both the U.K. and Irish markets, and look forward to bringing this expertise to Jersey in the future.’