• 25 April 2017

Waterman celebrates completion of the first IFC Building, Jersey

Waterman Group is delighted to celebrate the completion of the first building at the International Finance Centre in Jersey – IFC 1. The development by the States of Jersey Development Company, designed by MJP Architects and Richard MacCormac, is a world-class business hub providing 68,000 sq ft of high quality Grade A office space in the heart of St Helier.

The IFC 1 building has been completed as part of the overall master plan that will deliver 470,000 sq ft office space across six standalone buildings with private car parking spaces beneath the buildings and 520 public parking spaces on three levels below a public park.

IFC Jersey forms a new extension to the existing central business district and will establish a clear identity for the island’s premier industry and strengthen the connection between the historic town centre and the waterfront.

Waterman was appointed to deliver building services, environmental, sustainability and structural engineering design. Our sustainability experts provided advice to optimise the proportion of glazing and carefully considered solar shading that has been seamlessly integrated into the façade design.

The building will be one of the first in the Channel Islands to achieve a BREEAM Excellent rating. Furthermore, its carbon performance will be 19% better than the minimum requirement with 20% reduction in energy by using low and zero carbon technologies, including air source heat pumps. The offices have also been designed to use the latest Low energy LED lighting with daylight dimming control.

The specification of the building is based on Central London BCO 2014 standards and will provide tenants with flexible column free space with natural light on all four sides.

Lee Henry, Managing Director of the States of Jersey Development Company, commented; “The building will provide Jersey’s important financial services industry with premium, column free Grade A office space. Its distinctive appearance and efficient layout, together with its progressive, flexible and sustainable environmental strategy, sets a new standard for office development in Jersey.”

Richard Whitehead, Regional Director of Waterman Structures, commented; “IFC 1 provides exceptional Grade A office accommodation and the success of the project is demonstrated by the tenants it has attracted. The project stands out in its class through its sustainable design and it has been a pleasure working under the lead of MJP Architects who have designed an exemplary building working with our multidisciplinary teams.”

Reza Schuster, Director MJP Architects, said; “MJP are proud to be part of the team delivering a world class new financial district for Jersey’s premier industry. IFC 1 has an important place in the overall development, as the first link in the chain between the Waterfront and the Historic Town, and by setting a gold standard for future phases.”

A substantial part of the IFC1 building has already been let – UBS will occupy the 4th and 5th floors whilst BNP Paribas will be based on the 2nd and 3rd floors.

The construction of the remaining buildings has been split into phases and is being delivered on a building by building basis in response to demand.

The IFC 5 building is currently under construction with completion anticipated early 2018.


For media enquires please contact:
Susan Nilsson, Director of Communications, Waterman Group, susan.nilsson@watermangroup.com, Tel: +44 746 7955 513

About Waterman Group
Waterman Group is a multidisciplinary consultancy providing sustainable solutions to meet the planning, engineering design and project delivery needs of the property, infrastructure, environment and energy markets. Founded in 1952 and listed on the London Stock Exchange since 1988, Waterman has grown into a leading engineering and environmental consultancy with offices throughout the UK, Australia and Europe. Waterman works with government agencies, local authorities, government-regulated industries and private sector clients to provide innovative, sustainable and economic solutions across a wide spectrum of business activities. The firm has extensive experience in property and buildings, environmental consultancy, power and energy, roads, highways and rail infrastructure, urban and regional planning. Award winning teams provide professional consultancy services throughout the complete life cycle of the asset starting from initial surveys and concept planning, through to design, delivery, project management, supervision and on-going maintenance. See more information on www.watermangroup.com

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