In a recently signed ministerial decision the Assistant Minister for Treasury and Resources, John Refault, agreed the sale of the spaces at Castle Quay to provide funds for the pre-development costs of future projects by the Jersey Development Company.
The ministerial decision says: ‘The Assistant Minister approved the sale by States of Jersey Development Company of ten car parking spaces at Castle Quay phase 1 to a private investor for £415,000.
‘This is subject to there being no objections after the 15-day “grace” period required under P73/2010 in order to allow for sufficient transparency and scrutiny.’
According to the ministerial decision, the sale of the parking spaces is ‘in accordance with the desire of the States of Jersey Development Company board to sell various investment properties which sit outside of the company’s core business and which would be used for pre-development costs on the company’s next developments’.
