First tenant announced for new Jersey finance centre

UBS has agreed to move to the premises, once the development is complete. Earlier this week an appeal was launched against the development.

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Were 'incentives' offered to UBS to move to new finance centre?

Deputy Montfort Tadier has lodged an urgent oral question to ask in the States today regarding incentives to occupy the new Jersey finance centre.

Last week it was announced that UBS has agreed to move its business to the international centre, which will be based on the corner of the Esplanade and Castle Street, on the St Helier Waterfront.

Construction of each of the centre's buildings could not begin until a tenant is announced, so development of the first building can now get underway.

A petition against the Esplanade finance centre development has since been signed by almost 1,000 people, and a 'human-chain' protest is set to take place at the site this weekend.

Deputy Tadier now wants to know if any incentives or inducements were offered to the company to encourage them to move to the controversial site.

Following the announcement that UBS has signed an agreement with the States of Jersey Development Company to move into the proposed Esplanade Quarter would the Minister inform member exactly when this agreement was signed and explain exactly what incentives or inducements (such as free rent periods) if any, were offered to UBS?

– Deputy Montfort Tadier

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