Jersey government’s Policy and Resources department is hoping to set up a new single body to manage all of its £1.6bn state-owned properties on the island.
If approved, the new department, known as the States of Jersey Property Holdings, would oversee all state-owned property assets except those owned by trading committees and social housing.
The idea is to streamline the system and ensure properties, whether they are sold or managed, are used in the best interest of the island.
The committee is also asking politicians to consider setting up a property board to oversee the new department.
References: EGi News 06/05/05
