Apartment No. 1, Block H, Les Quennevais Park, St. Brelade: Cancellation of Existing 99 Year Lease and Transfer of the Public's Flying-Freehold Ownership

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A decision made on 21 January 2022

Decision Reference: MD-PH-2022-0002
Decision Summary Title :	Apartment N° 1, Block H, Les Quennevais Park, St Brelade – Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership		Date of Decision Summary:	17 January 2022
Decision Summary Author:	Estates Manager		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Apartment N° 1, Block H, Les Quennevais Park, St Brelade – Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership		Date of Written Report:	17 January 2022
Written Report Author:	Estates Manager		Written Report: Public or Exempt?	WR: Exempt QE Article 33(b) and QE Article 34(b) SD (Plan): Public
Subject: Apartment N° 1, Block H, Les Quennevais Park, St Brelade – Cancellation of Existing 99-Year Lease and Transfer of the Public’s Flying-Freehold Ownership PBA 2070-01-001
Decision(s): In accordance with Standing Order 168 (1) (a) the Minister approved, as recommended by Jersey Property Holdings, the cancellation of the existing 99-year lease of the above-mentioned apartment, and the transfer of the Public’s Flying-Freehold interest in the unit - for an agreed consideration, plus reasonable costs incurred.
Reason(s) for Decision: To accommodate a request by the Long-Leaseholders of the apartment to convert to Flying-Freehold ownership, to facilitate the onward sale of the apartment.
Resource Implications: The financial implications of this decision are detailed in the accompanying report. There are no manpower implications in respect of this decision. When the transaction is concluded the fixed asset register and States balance sheet will be amended to account for the transaction.
Action required: 1. In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed before Court or concluded. After the expiry of 15 working days following presentation to the States the transaction may be concluded. 2. The Minister hereby authorised, as applicable: a. under Standing Order 168 (5) the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public b. the Director of Jersey Property Holdings to conclude any contract which is required to be concluded on behalf of the Public.
Signature:		Position: Deputy K Lewis Minister for Infrastructure
Date Signed:		Date of Decision (If different from Date Signed):