Major Private Sector Developments Show Confidence In Guernsey's Economy

Two private sector developments promising £370 million worth of investment in housing and the retail and leisure sectors demonstrate confidence in Guernsey's economy, says construction and development lawyer Claire Smith.

The developments – by the Channel Islands' Co-Operative Society at Leale's Yard and by Comprop at the Admiral Park site – were given the green light at an open planning meeting yesterday.

The Co-op development will see Leale's Yard transformed into a "vibrant and thriving community" with 410 new homes, 476 parking spaces, retail units and an open public area.

The Comprop development will see a six-screen cinema, hotel, new offices and a crèche built on the site, as well as 700 parking spaces.