Finance

Martin’s secures £40m from Aviva to finance growth push

By 2018-04-12T05:33:00

Old Church Street Martins

Martin’s Properties has agreed a £40m refinancing deal with Aviva Investors to fund its growth plans across London and the South East.

The property investment and development company secured a fixed-rate loan at a rate of 2.8%, expiring in 2028.

Richard Bourne, managing director of Martin’s Properties, said the loan would be used to expand and diversify the company’s portfolio, focusing on regional markets across the south of England with good rental and capital growth potential.

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