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Home Business Property

Butterfield secure last remaining office space in IFC 6

May 23, 2023
in Business, Jersey, Property
Butterfield secure  last remaining office space in IFC 6
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The last remaining available office space in IFC 6, the third building currently being constructed at the International Finance Centre, has been taken by Butterfield, a relationship-led bank with operations in the Channel Islands for the last 50 years.

Butterfield in Jersey has signed an agreement to lease 6,800 sq.ft. (10 per cent) of IFC 6, which is sited directly west of IFC 5. The 68,000 sq.ft., Grade A office building will also include an extension to Trenton Square.

Lee Henry, CEO of the Jersey Development Company commented: “We are delighted Butterfield will be joining the IFC upon completion and look forward to extending a warm welcome as they cement their presence in Jersey. This is the first time that a 100 per cent office pre-let has been secured for an IFC office building prior to physical completion which demonstrates the continuing strong demand for modern, efficient and sustainable office accommodation in Jersey.”

Richard Saunders, Butterfield’s Managing Director of the Channel Islands & UK, commented: “We are pleased to have secured new premises which we look forward to moving into early next year. As our journey to provide banking services to local residents progresses, building on our experience of serving the corporate community here in Jersey, the new location on the ground floor offers modern and easy-access office space – a plus for both our clients and colleagues.”

The Butterfield Jersey announcement completes the office letting space in IFC 6. The retail space on the ground floor of the building is now being promoted to the food and beverage industry. 4,000 sq.ft of space is available which is situated in a prominent location facing Trenton Square and includes al fresco dining areas. JDC were represented by D2 Real Estate who are also the agent for the retail space in the building.

The IFC buildings are providing Jersey with Grade A ‘super prime’ office accommodation in a new flagship business district that provides high quality, flexible and sustainable accommodation. IFC 6 will be rated as ‘Excellent’ in the BREEAM ratings scheme, the world’s leading third-party certification of a building’s environmental performance. Key advantages include the benefit of natural light on all four elevations which studies have shown increase the wellbeing for employees working in these environments.

The building has also achieved WiredScored Gold status. The WiredScore scheme assesses, certifies and improves digital connectivity in offices on a global scale. WiredScored Gold ensures that a building has connectivity capacity for any tenant.

IFC 6 is expected to be completed by the end of this year.

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Sue Fitzgerald

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