At a Scrutiny hearing yesterday he painted a picture of a Jersey Property Holdings – the branch of the Treasury department that deals with property issues – that had almost ‘gone rogue’, saying that its initial £8.75 million offer for the Lime Grove building, at Green Street roundabout, was made without ministerial approval and was not brought to the Treasury department’s attention for six months.
His testimony followed a hearing at which property consultant Guy Gothard told the panel that he had been brought in as a negotiator by the Treasury department and had eventually reached an £8.25 million deal that was accepted.
He said that lawyers had been instructed to complete the deal before it became clear that the building had been leased by finance firm State Street.
• See Friday’s JEP for the full story
