JDC paying £760k to rent UBS's old offices

Channel 103 have reported that the Jersey Development Company are paying £760,000 to lease the former offices of UBS in New Street until June 2019. Apparently JDC has confirmed this was part of the deal to get UBS to move into the International Finance Centre.

JDC has since refurbished the New Street offices and is advertising them for rent for the remainder of the lease period. JDC needed UBS to fill part of the Esplanade so much that they're now paying £760k in rent for UBS's old offices.