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Finance firm agrees to lease three quarters of new IFC

Finance firm agrees to lease three quarters of new IFC

Wednesday 08 December 2021

Finance firm agrees to lease three quarters of new IFC

Wednesday 08 December 2021

A local fund and corporate services firm has agreed to take up nearly 75% of the third finance centre building when it is complete.

Preparation work on the construction of the five-storey, 68,000sqft IFC6 building, which will be tucked behind IFC5, started in October.

Trenton Square will also be extended as part of the build process, which is expected to be complete by November 2023.

This morning, the public-backed Jersey Development Company (JDC) announced Aztec as the new build’s key tenant.

“This is a significant pre-let and highlights the continued demand for high quality, Grade A office space in St. Helier,” said Managing Director Lee Henry.

Aztec Group's Managing Director, Geraldine O’Rourke, commented: “We’ve quickly grown to a team of nearly 500 in Jersey, so moving to a contemporary office that provides a modern, efficient working environment is a natural next step for us. We’re proud of our local heritage and the leading reputation we have worked hard to build over many years.”

She added: “While we will continue to offer our people the ability to work flexibly, we believe in the importance of a well-designed office hub that enables us to come together to collaborate professionally and socially.”

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Posted by Michael Du Pré on
The International Finance Centre was intended to draw in finance companies and banks from outside Jersey which this does not appear to be. What percentage of the floor space is now occupied by such companies? Let’s hope that that Jersey’s Auditor General is going to look closely at the all the various elements of this deal so as to give independent confirmation that the Island is going to make sufficient profits after ‘sweeteners’ which will cover not only the direct cost of construction but a fair allocation of indirect cost ( directors remuneration and bonuses ) and its fair proportionate share of the cost the originally promised replacement for the 520 space Esplanade car park.
Posted by Harry Read on
Where have all the incoming companies who "wanted top class technological office space" disappeared to? It seems that everyone moving into the Finance Centre were already here and are merely moving out of St Helier to the Waterfront
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