Acting for the partners of the Medical Specialist Group (MSG), Savills Private Finance (SPF) has brokered a £7m deal to purchase Alexandra House and Mill House in St Martin's, Guernsey.
Alexandra House and Mill House were built by the founding doctors of MSG under the banner Vignon Properties. SPF arranged for the current partners to purchase both buildings from them.
SPF Director Jez Robin, who managed the deal, commented: “This was a complex transaction in that it involved a purchase by multiple parties, but we secured favourable terms at a competitive rate.”
HSBC also worked with SPF and MSG on the deal to provide a tailored funding solution.
MSG said securing the premises would help it meet the longer term needs of Guernsey patients, given the expected changes in demography and technology.
Its chair, Gary Yarwood, said: “As the founding partners had all retired, it was important for us as today’s partners to secure the buildings as medical practices. The deal achieves security for our patients and the legacy of our pioneering founders.”
Pictured l-r: Paul Smith, Dele Oyawa and Vicky McGuire from HSBC; Mike Blondel and Jon Buckland from MSG; Pierre Blampied and Jez Robin from SPF outside Alexandra House and Mill House