Waterfront Hotel Building, St. Helier: Sale of ground lease

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A decision made 3 February 2017:

Decision Reference: MD-TR-2017-0012
Decision Summary Title:	Sale of ground lease at the Waterfront Hotel by SoJDC.		Date of Decision Summary:	23rd January 2017
Decision Summary Author:	Head of Shareholder Relations		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Sale of ground lease at the Waterfront Hotel by SoJDC.		Date of Written Report:	23rd January 2017
Written Report Author:	Head of Shareholder Relations		Written Report : Public or Exempt?	Exempt: Article 33
Subject: Shareholder approval for the States of Jersey Development Company (“SoJDC”) to sell the ground lease at the Waterfront Hotel to Point Properties Limited for £3.15 million.
Decision(s): The Assistant Minister approved the sale by SoJDC of the ground lease at the Waterfront Hotel to Point Properties Limited for £3.15 million. This is subject to there being no objections after the 15 day “grace” period required under P.73/2010 in order to allow for sufficient transparency and scrutiny.
Reason(s) for Decision: The Assistant Minister’s approval is required in accordance with Section 13.1 of SoJDC’s Memorandum of Understanding and the requirements in Section 12 of P.73/2010.
Resource Implications: There are no financial consequences for the States of Jersey.
Action required: In accordance with Section 12 of P.73/2010, this decision will not take effect for 15 days from the date of signing.
Signature:		Position: Connetable JM Refault Assistant Minister for Treasury and Resources
Date Signed:		Date of Decision: