crumlin Posted April 12, 2005 Share Posted April 12, 2005 The building that the Government are using in Hill Street and built by Dandara could be the long term home for a Government Department. The Government have leased the building for twenty one years but have two break dates in the lease, one being July 05 the other October 05. Its aledged that these dates were set up to allow the Government (Keys) to move back into the wedding cake building this year. It now seems that with the work on the wedding cake a year behind and not due to be handed back until early 06, this could mean that the Government will be stuck with a building they dont need Link to comment Share on other sites More sharing options...
Tee Posted April 12, 2005 Share Posted April 12, 2005 and? Link to comment Share on other sites More sharing options...
Ripsaw Posted April 12, 2005 Share Posted April 12, 2005 Estimated cost to the taxpayers to lease an empty building? Link to comment Share on other sites More sharing options...
Tee Posted April 12, 2005 Share Posted April 12, 2005 if they have an empty building do you really think it will stay empty for long? simple answer No, they sub let it to someone else at a nice tidy profit Link to comment Share on other sites More sharing options...
Ripsaw Posted April 12, 2005 Share Posted April 12, 2005 /guessing (so don't shoot me)... The problem with that theory is that commercial lets fell through the floor months ago. There may also be a problem with subletting. They could try and find a company to take over the lease, but most business would prefer to negotiate their own terms of a lease rather than accept somebody else's terms. The Government are not renowned for their negotiationg skills. Edit: There would be the possiblity of pulling out of the lease in Oct 05, moving as many people back to the Wedding Cake as possible then taking a short term lease on a smaller building for the rest, or negotiationg new terms on the existing building. Link to comment Share on other sites More sharing options...
Tee Posted April 12, 2005 Share Posted April 12, 2005 That may be the sensible approach but since when has the iom government been sensible? Will just have to wait and see Link to comment Share on other sites More sharing options...
ans Posted April 12, 2005 Share Posted April 12, 2005 /not guessing Perhaps they have another department with a lease expiring in the summer of 2006 that they're not planning on renewing so they can move and occupy the one featured in this thread. Thereby nothing is left empty. Link to comment Share on other sites More sharing options...
Celt Posted April 12, 2005 Share Posted April 12, 2005 The building that the Government are using in Hill Street and built by Dandara I might be reading what you said wrong but Dandara/homes didn't biuld the property the Gov, Tynwald, are using in Hill St. They might have refurbed it, i don't know, but they certainly didn't build it. Link to comment Share on other sites More sharing options...
ans Posted April 13, 2005 Share Posted April 13, 2005 Steady now, we'll have no facts in this thread if you don't mind. Link to comment Share on other sites More sharing options...
jim Posted April 13, 2005 Share Posted April 13, 2005 Steady now, we'll have no facts in this thread if you don't mind. <{POST_SNAPBACK}> now now ans. put the hand bag away!! Link to comment Share on other sites More sharing options...
Billy One Mate Posted April 13, 2005 Share Posted April 13, 2005 Celt afraid you are totally wrong. Dandara did build it but they dont now own it as it was sold on to an investment company. Link to comment Share on other sites More sharing options...
Paul H Posted April 13, 2005 Share Posted April 13, 2005 Celt afraid you are totally wrong. Dandara did build it but they dont now own it as it was sold on to an investment company. <{POST_SNAPBACK}> Panama company by any chance? Link to comment Share on other sites More sharing options...
Lonan3 Posted April 13, 2005 Share Posted April 13, 2005 Celt afraid you are totally wrong. Dandara did build it but they dont now own it as it was sold on to an investment company. <{POST_SNAPBACK}> Panama company by any chance? <{POST_SNAPBACK}> Surely experience tells us the answer to this one? Other departments will expand to 'better serve the needs of the electorate.' I can remember when Govt buildings on Prospect Hill + Markwell House were going to be sufficient to satisfy all the requirements. Since then: Murray House, Sea Terminal etc. Quite simply, work (and office space) will always be able to expand to meet the requirements of the ever growing army of civil servants. Am I being too cynical? Link to comment Share on other sites More sharing options...
crumlin Posted April 13, 2005 Author Share Posted April 13, 2005 The Government have plenty of large Empty office space at the Momemt Link to comment Share on other sites More sharing options...
monkey_magic Posted April 13, 2005 Share Posted April 13, 2005 Panama company by any chance? <{POST_SNAPBACK}> Is that one of the Dandara owned companies that bought all the Dandara built houses at Governor's Hill to rent out, and is trying to sell them all now that the housing market has peaked? Link to comment Share on other sites More sharing options...
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