sentences:  The property division (formally COMPROP) is responsible for acquisition and development of commercial and residential property which is then sold or retained for letting.In October 2010 it was announced that contracts had been exchanged for the sale of the three major Checkers supermarkets, at Redhouses and Rue des Pres in Jersey and Admiral Park in Guernsey, to Waitrose.The deal was subject, amongst other things, to the approval of the Jersey Competition Regulatory Authority.