JDC grilled over demand for finance centre office space
STATES developers have again been called on to defend their flagship building project, the Jersey International Finance Centre, amid continued speculation about the level of demand for office space in the complex.
Rival developers and those opposed to the project claim that a five-year-old letter, written by the managing director of the Waterfront Enterprise Board at the time, proves that States Members were told that there was a potential 'mismatch' of the supply and demand for top-tier office accommodation long before building work began.
In May 2011 Stephen Izatt, the head of WEB, wrote to the then Environment Minister Freddie Cohen outlining his concerns about introducing a large amount of new office space - the letter was submitted to the Corporate Services Scrutiny Panel last year by developers Dandara following a call for information relating to the finance centre project.
Debate about the controversial multi-million-pound building project continued this week during a public hearing for an appeal against one of the project's buildings.
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