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Dandara will get a 99-year lease of the land where Cyril Le Marquand House currently sits, ITV News understands.
It has been revealed that the development company plans to build the government s new headquarters at the site at a cost of £90 million. Dandara will then lease the building to the government for the first three years, with the executive having the option of purchasing it afterwards.
Under the plans the rent cannot go up more than 5% every three years.
The announcement follows comments from Jersey s Chief Minister last November that he expected housing to be a perfect use for Cyril Le Marquand House.