Jersey Development Company

Jersey Development Company is a property development company wholly owned by the States of Jersey.  The Company's remit is to develop States land and property assets that are no longer required for the provision of public service and to complete the development of the Waterfront.

Jersey Development Company will be working closely with the government to deliver socio-economic benefits for the public of Jersey. 

The Company's activities will see a number of States owned properties regenerated for alternative uses. 

One of the main focuses of the Company will be delivery of affordable housing.  During the recent Island Plan debate, it was determined that residential development on these redundant States owned sites will provide 12.5% affordable housing plus an additional 150 affordable units.  Affordable housing on these sites will include social housing and shared equity (HomeBuy) housing.

The following sites have been identified for regeneration and redevelopment to provide residential accommodation:- the former Jersey College for Girls, St. Saviours Hospital, La Folie, South Hill, Summerland and the Ambulance Station.

The Company's other immediate focus is the delivery of Phase 1A of the Esplanade Quarter that will deliver modern and purpose built office accommodation for the financial services industry.  Phase 1A will realise 320,000 sq. ft. in four buildings.  The shape and size of floor plates that can be realised on this site will be very efficient and flexible for the end-user.

The sinking of the road "La Route de la Liberation" will not form part of Phase 1A.

The first phase can be built without changing any of the existing road networks or junctions.  The public car parking facilities currently provided on the Esplanade will be temporarily relocated to a neighbouring waterfront site and therefore during construction there will be no loss of public parking.  On completion of the development, the same number of public parking spaces will be provided underground.

Phase 1A will generate significant returns for the Public purse which can either be dividended back to the States Treasury to fund other States capital projects and/or utilised in regenerating other parts of St. Helier.