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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY S.Y. MÉZEC OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 20th OCTOBER 2015
Question
How much is the yearly rent paid for Andium Homes' new offices compared to their previous premises and how much was spent on relocation and redecoration at the new premises?
Answer
Andium Homes paid rent and service charges of £288,000 per annum for their offices at Jubilee Wharf. It has purchased its offices at 33-35 Don Street for £1.5 million, with a calculated payback period of 10 years.
Andium Homes advise that Final accounts for the works are being agreed but are estimated at:-
£ Cat A ("Landlord") fit out costs 626,000 Cat B ("Tenant") fit out costs 454,000 Fees & Stamp Duty 163,000 I.T costs, Security, signage 60,000 Relocation costs 5,000 1,308,000
The move to new premises was a deliverable set out in Andium's Strategic Business Plan 2014-2019. This recognised that the Jubilee Wharf offices did not provide an acceptable client service area. The reception was small and offered little private space for clients to discuss what are often very sensitive issues. Significant refurbishment costs were also needed to Jubilee Wharf, but would still not have addressed the need to improve the customer service area.
Although smaller than the previous building, the new office provides a much improved client services area on the ground floor. This provides ease of access for all clients, private meeting areas and enables all client facing staff to be located in the client services area.