Jersey Water has said that it will not take the opportunity to move back to its former head office at Westmount if the land is no longer needed for a new hospital, after selling it to Government for £3.2m last year.
The company moved out of Mulcaster House, which is just to the south of Tower earlier this year, after the buildings and surrounding land were purchased in August 2021, with vacant possession until 30 June this year.
The company moved its administrative base to offices in New Street and parts of its operations to other parts of its estate.
The large service reservoir which makes the junction of Tower Road and Westmount Road was not part of the land transaction and remains owned by Jersey Water.
Chief Executive Helier Smith confirmed that the company would not be moving back into its old offices.
Last week, Infrastructure Minister Deputy Tom Binet, who led the hospital review, said that land and property purchased by the Government for the Our Hospital Project and not featuring in updated plans for multiple health sites could be used for housing.
As part of the contract of sale between the Public and Jersey Water, if the proposed use of the property – for a hospital – does not occur, and the Government wishes to sell it to a third party, it must offer a strip of land around the service reservoir to Jersey Water at market value.
This includes the access road from Westmount Road to Mulcaster House.
Other properties and land worth more than £17.5m were also bought by the past Government for the Our Hospital Project, with six having buy-back clauses in their contracts.
Express has asked the Government what will happen to the properties and land if they are not required for the hospital at Overdale.
Sold for £1.55m (+£5,000 for vendor’s legal fees). No buy-back option.
Sold for £750,000. With buy-back option:
The vendor has first option to buy back the land or any part if no development has started within six years and/or if the Government decides not to proceed with the hospital development on that land.
Sold for £1.775m. Same buy-back terms as Field H1550.
Sold for £750,000. Same buy-back terms as Field H1550.
Sold for £1.82m (including £70,000 contribution towards fees and relocation costs) With buy-back option:
The vendor has first option to buy back the land or any part if no development has started within ten years and/or if the Government decides not to proceed with the hospital development on that land.
Sold for £2.075m (including £75,000 contribution towards fees and relocation costs). Same buy-back terms as Briez Izel.
Sold for £1.3m. No buy-back option.
Sold for £830,000 (including £25,000 fees and relocation costs). No buy-back option.
Sold for £1.7m. No buy-back option.
Sold for £1,283,200. No buy-back option.
Sold for £300,000. No buy-back option.
Sold for £822,000 (including £33,000 fees and relocation costs). £20,000 paid for garage. No buy-back option.
Sold for £1.275m. No buy-back option.
Sold for £1.3m. Same buy-back terms as Briez Izel.
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.