Government Headquarters, Union Street, St. Helier: Acquisition: Commercial Terms of Arrangement/Lease

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A decision made 22 May 2025:

Decision Reference: MD-SOSEC-2025-364		Public
Subject: New Government Headquarters (office) Union Street St Helier, Jersey, JE2 3DN – Proposed acquisition - agreeing to commercial terms of arrangement/lease in accordance with the Budget 25-28 (Minister for Social Security)
Report Title: New Government Headquarters (office) Union Street St Helier, Jersey, JE2 3DN – Proposed acquisition - agreeing to commercial terms of arrangement/lease in accordance with the Budget 25-28		Exempt (Article 33(b))
Decision(s): Following the agreement of: -the Minister for Infrastructure to initiate the process of acquiring the building; and -the Minister for Treasury and Resources to exercise the Option to acquire the new Government Headquarters in line with the pre-agreed terms by using money from the Social Security (Reserve) Fund; and subsequently put into place optimal and legally binding arrangements for the new Government Headquarters to be held as a local infrastructure investment for the Social Security (Reserve) Fund; and -put into place an arrangement whereby the Social Security (Reserve) Fund, will receive internal budget reallocations, which would mirror future lease arrangements. This decision represents the agreement of the Minister to commercial terms, in accordance with P.51/2024 'Approved Budget 2025-28', by way of entering into a Memorandum of Agreement with the other Ministers referred to above, which deals with the financial and administrative arrangements for the new Government Headquarters, and includes a Draft Form of Lease between the Social Security (Reserve) Fund and the Public of the Island, which will be the form or substantially the form of a future lease in respect of the Union Street Offices.
Reason for Decision(s): As part of P.51/2024, the States Assembly approved the leasing of the Union Street Offices (new Government Headquarters) by the Public of the Island from the Social Security (Reserve) Fund, with commercial terms to be agreed between the Minister for Infrastructure (on behalf of the Public), the Minister for Social Security and the Minister for Treasury and Resource (both on behalf of the Fund).
Resource Implications: Funding is included within the approved Budget (Government Plan) 2025-2028 and will be included for future proposed Budgets. There are no additional specific staffing implications.
Action Required: The Department and/or Ministerial Office to update relevant parties of the decision.
Signature:	Signed By: Minister for Social Security
Date Signed:	Date of Decision (If different from Date Signed):