Permission for 100 apartments was part of the Les Pas settlement

Les Pas Holdings got �10m-worth of the Waterfront after claiming ownership of a reclaimed area for several years.

Dandara has bought the land and is planning a scheme with a mixture of shops, leisure venues and flats.

Company managing director Martin Clancy said work had begun on appointing architects to design the scheme.

Acceptable scheme

Mr Clancy said it would be a place people will visit and enjoy.

There will be a public presentation of the plans, and Dandara and its partners in the scheme, Marine Development Limited, will work with the Waterfront Enterprise Board and the Environment Committee to agree something acceptable to all.

In principle, planning permission for 100 three-bedroom apartments was part of the settlement.

Dandara hopes work will start in March 2005 and take four years to complete.

The chairman of the Waterfront Enterprise Board, Pierre Horsfall, said he was confident Dandara's plans for the area would compliment what was there.

Mr Horsfall said he believed the plans would fit in with the aim to make the Waterfront a place for visitors and islanders to use.

He said: "In terms of the scale, the sort of thing that will be there will make it a very pleasant place to visit.

"We have the opportunity to complete the Waterfront as it should be, and everything will have to be approved by the Planning Committee."