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JERSEY DEVELOPMENT COMPANY
Jersey Development Company is owned by the States of Jersey with the responsibility for creating buildings and property investments using land transferred to the Company from the States. As well as generating new environments for people to live, invest and work in, all of the profits from our developments return to the government.
Our purpose is to manage and develop property on behalf of Jersey in order to:
- Develop attractive community spaces that will stand the test of time
- Support the economy by generating work and infrastructure for business to grow
- Provide returns to the taxpayer that are at least 50% higher than direct land sales
By investing in our community spaces we are ensuring that the need for profit is balanced with enjoyment of our island. By supporting new infrastructure and key local industries we are sustaining the economy. And by investing in direct development, rather than selling property to developers, we ensure that returns to taxpayers are improved.