Investec Bank has provided a £8.17m property investment loan to Field Day Commercial Property secured against three commercial properties in Guernsey.
The loan refinances existing borrowing and supports Field Day’s continued investment in a portfolio spanning office, car parking, retail and leisure uses.
One of the properties within the portfolio is Mill Place in St Peter Port (pictured), a comprehensively refurbished 14,000 sq ft mixed-use building providing traditional and serviced office space alongside residential accommodation and an on-site café.
Scott Philpott, business developer, Guernsey, at Investec Bank (Channel Islands), said: “Field Day required financing that reflected the different properties within its portfolio and the company’s plans for continued investment. Investec worked closely with Luke and the Field Day team to provide a practical structure aligned with those requirements, rather than applying a standard lending approach.
“The £8.17m loan gives Field Day a stable financing base across its Guernsey portfolio. It also demonstrates how Investec’s local knowledge and offshore real estate expertise can be combined to provide property clients with financing shaped around their assets and wider strategy.”
Luke Daynes, commercial director at Field Day Developments, added: “Investec has supported Field Day across several property projects and has developed a strong understanding of both the business and the Guernsey market. Scott, Peter and the wider Investec team took the time to understand the portfolio and worked with Field Day to shape the financing around its plans. Investec provided responsive and collaborative support throughout the process. The strength of the relationship and the team’s practical approach helped deliver a financing structure suited to Field Day’s requirements and its continued investment in Guernsey.”
