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Investec Bank (Channel Islands) completes its largest ever Guernsey deal

05-Jun-2010

The deal with McAulay (Market Buildings) Limited, worth more than £15m. has been arranged and completed by Investec’s Guernsey team.

‘This is a significant investment into the local market and demonstrates our confidence in Guernsey and its future. Despite the turmoil that the banking market has faced, Investec is keen to support local businesses and we have faith in McAulay as a local business. We’re proud to be associated with such a prestigious landmark in Guernsey,’ said Simon Brown from Investec’s lending team.

Mr Brown said the deal was the start of a strategic partnership between McAulay and Investec.

‘We’re looking to build a long-term relationship with the team at McAulay as they look at other opportunities. We want to do all we can to support the people who want to invest in our island. This is the start of what we see as much more of a focus on the vibrant local market,’ he said.

He added that the Market Buildings had had a positive impact on the area.

‘In recent years we have been aware that Town shopping has definitely moved towards the Market Buildings. There is increased dining and leisure experiences and popular brands such as New Look and HMV continue to draw shoppers to this area and we hope that it continues to be a thriving part of Town,’ he said.