A COMPANY is preparing a bid to buy the Sark properties owned by the Barclay family, it has been reported.
If successful, Sark Property Company, made up of the island’s Seigneur Christopher Beaumont and German-entrepreneur Swen Lorenz, would acquire just under a quarter of all the property in Sark including four hotels, dozens of homes and 20 commercial units.
It is believed that the £60 million bid will be made to Alistair Barclay, heir of the estate of the late Sir David Barclay, by the end of the month.
Around half of the cash would be used to buy the estate, which was gradually acquired by Sir David and his brother Sir Frederick from 2007 onwards, with the remainder being invested in upgrading the property portfolio.
Both papers revealed that a key investor in the bid is Puerto-Rico-based hedge fund manager Harris Kupperman, who has a history of investing in uranium, oil, and the digital currency Bitcoin.
The deal does not include the small neighbouring island of Brecqhou or its mock-Gothic castle which was built by the brothers.
