Jersey

Jersey Post to sell its Broad Street post office

  • 4 July 2012
  • From the section Jersey
Broad Street post office
Image caption Kevin Keen said Jersey Post would sell the Broad Street post office but would keep a base in the town centre

Jersey Post will sell its main St Helier post office in the future because the site is not used efficiently, says its chief executive.

Kevin Keen said its Broad Street post office site was under-used with the company only using about a quarter of the site.

But he told the BBC he wanted to reassure customers the firm would keep a town centre base.

He said Jersey Post planned to raise more cash through its assets.

Mr Keen said last year's profit before tax of £1.2m was a substantial improvement on the £111,000 the year before.

But the pension deficit had risen to £9.4m after what the annual report described as poor investment performance.

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