Residential property group A2Dominion has secured £150m across three separate loans from MUFG, BNP Paribas and HSBC.
MUFG, Japan’s largest bank, has invested £50m in the company while BNP Paribas has provided £50m through a new five-year revolving credit facility.
In addition, the group has extended the maturity date of its existing £50m revolving credit facility with HSBC.
The loans, which all mature in 2023, add to A2Dominion’s current £1.9bn funding portfolio, enabling the property group to continue its growth and take on new development opportunities. The company is aiming to build 6,000 new homes in the next five years.
Dean Tufts, executive director of finance at A2Dominion Group, said: “It was incredibly encouraging to receive interest from such a wide range of lenders to the sector and I’d like to thank Centrus Advisors for assisting us in this process. We are particularly pleased to expand our lending base and now look forward to developing financial relationships with our new lenders.”
No comments yet