Jersey Co-op claims heritage plans would lose it £12m

Dumaresq Street The Co-op's latest plans, which would have kept two of the six listed buildings, were rejected

Related Stories

The Channel Islands Co-op has claimed it will lose £12m if heritage groups' plans for a St Helier site go through.

Save Jersey's Heritage and the National Trust for Jersey successfully objected to the society's own plans for a food store and offices at Charing Cross.

These were rejected by the island's planning panel in August.

The campaigners claim their plans for a smaller store will still let the Co-op make a profit but its chief executive says they will be "suicidal".

Colin McLeod said: "We've had it independently, professionally, appraised and it would lose our members £12m from the value of the society.

"I'm not quite sure why they're exhibiting a scheme for a site that they don't own," he said. "It's almost unthinkable. It would be suicidal for us as a business."

However, Charles Alluto, the chief executive of the National Trust for Jersey, said a loss of potential profits did not equate to a financial loss.

"If you actually strip that value out - and just look at it without site value - then we actually think that our scheme would result in a profit for the Co-op of £2.3m," he said.

The heritage groups' alternative proposals would see all six listed buildings restored and the current supermarket demolished and replaced with a three-storey building.

The groups will put their plans on public display at the Town Hall on Wednesday.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Jersey


St Helier

19 °C 13 °C

Features & Analysis

  • Cerro RicoSatanic mines

    Devil worship in the tunnels of the man-eating mountain

  • Nefertiti MenoeWar of words

    The woman who sparked a row over 'speaking white'

  • Oil pumpPump change

    What would ending the US oil export ban do to petrol prices?

  • Brazilian Scene, Ceara, in 1893Sir Snapshot

    19th Century Brazil seen through the eyes of an Englishman

Elsewhere on the BBC

  • SailingGame on

    BBC Capital discovers why certain sports seem to have a special appeal for those with deep pockets


  • European Union's anti-terrorism chief Gilles de KerchoveHARDtalk Watch

    Anti-terrorism chief Gilles de Kerchove on the threat from returning Islamic State fighters

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.