Partnering with not-for-profit organisation Housing & Care 21 and the States of Guernsey to create 86 units of specialist extra care housing in St Peter Port.

SP created a Public Private Partnership between Housing & Care 21 [H21], the States of Guernsey and Rosaire Sheltered Housing Limited (RSHL) an SPV formed to buy the former Girl’s Grammar School in Rosaire Avenue, St Peter Port. The former school was demolished and 86 new extra care apartments, specialist housing for older people, were constructed. The States of Guernsey provided a £5.6m grant and SP arranged for RSHL debt funding from RBS International.

Rosaire Court and Rosaire Gardens was completed and a management agreement with H21 was entered into where H21 provided a full extra care service to residents. RSHL created two buildings with 36 homes for sale to private buyers and 50 homes for nominated States of Guernsey social rental.

This PPP withH21 was a leading, not-for-profit, national provider of retirement housing and care services for people aged over 55 and above.

Rosaire was H21’s only project outside of the UK mainland. The scheme has proved to be very popular and is widely acclaimed as an exemplar of older peoples’ care in Guernsey.

RSHL, assisted by SP, were the project leaders and able to enjoy the surpluses generated by the sales of the 36 private apartments.