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IRG sells landmark building in the heart of George Town, Grand Cayman

IRG – International Realty Group Ltd. just sold Anderson Square a landmark building in the heart of George Town. Jeremy Hurst a Cayman Islands real estate broker and Ollie Collins, a Cayman Islands real estate agent worked as a team on this notable sale. This commercial property is an impressive 41,245 square foot; a five-story office building constructed approximately 28 years ago in 1983. It was recently; extensively refurbished and situated on 0.9333 acres± of land it also includes parking. The Property is situated in a prime location literally in the centre of Cayman Island’s capital of George Town’s Central Business District. The property is a stone’s throw from the waterfront and center of Government. Anderson Square survived Hurricane Ivan well in 2004 and also boasts traditionally high occupancies supported by a strong mix of tenants, including one of the Caribbean’s best established medium sized regional law firms, two independent Statutory Government Authorities and prime retail tenants to the ground floor including a telecommunications company and quality fast food outlet. In terms of Cayman Islands Commercial Real Estate Property listings and inventory Anderson Square is a solid investment for its new owners. The sale also reflects confidence in the Cayman Islands as a destination of choice for investors. International Real Estate Group Ltd. has an extensive list of Commercial Real Estate on its portfolio. According to the Knight Frank Wealth Report 2013 which was published this past February, discerning investors are looking at Commercial Real Estate as a tangible investment in challenging economic times. Please visit IRG to look at the IRG inventory of Cayman commercial real estate