APARTMENT reservations for the Jersey Development Company’s planned Westward scheme are being converted into legally binding pre-sales as the States-owned developer progresses towards being able to start construction.
The update comes around two months after Senator Elaine Millar confirmed that the JDC had secured reservations on more than 30 apartments totalling over £21m.
At the time, the then-Treasury Minister explained that “assuming all reservations convert to formal pre-sale contracts, this total value of pre-sales meets the requirement for construction to commence”.
The Westward plans involve building around 140 apartments on the site of the former Planning offices at South Hill.
Providing an update to the JEP this week, a JDC spokesperson said: “The process of converting reservations into legally binding pre-sales is ongoing, alongside the completion of other legal and technical requirements associated with a development of this nature.”
They added that the JDC “will provide a further update in due course”.
The developer already has ministerial permission to enter into a design and build contract for the scheme.
