JDC was established in 1996 and is owned by the States of Jersey. In 2011, it's Memorandum and Articles of Association were amended and it is now responsible for completing the development of the St Helier Waterfront and regenerating States owned property no longer required for the delivery of public services.

Every initiative JDC undertakes is Government-led, the building and property investments are raised on land that has been entrusted to JDC by the States of Jersey.

JDC creates new homes for local residents and new Grade A office space for the island's premier financial services industry. By investing in direct development, rather than selling land to developers, we ensure that returns to taxpayers are improved as well as retaining control over design and quality.

Our projects are also community focussed and include high quality open green spaces and landscaped areas for the public to enjoy.

JDC is run by an independent board rather than political appointees and is accountable to its shareholder, the Minister for Treasury and Resources. The Company was formed following a change of name and constitution of the Waterfront Enterprise Board, and while it holds the same assets and liabilities, JDC has a different structure and purpose from its predecessor. It has no policy-making functions or remit to develop master plans, and is solely charged to deliver policies agreed by the States of Jersey in an effective and efficient manner.