Housing Plus Group has completed a major funding programme, securing £961 million from five banking partners to support investment in existing homes, deliver new homes and strengthen communities.
Housing Plus Group, supported by Savills, has partnered with Nationwide, NatWest, Santander, AIB and Barclays to deliver this crucial finance project.
The new funding arrangements build on £806 million of existing facilities and provide a strong platform for the Group’s future plans. The Group now has an agreed loan portfolio of over £1.3 billion.
The funding package will help the organisation continue improving customers’ homes, investing in neighbourhoods and delivering new homes where they are needed most.
The successful refinancing reflects the confidence that lenders and investors have in the Group’s long-term vision and commitment to create places people are proud to call home.
Richard Nowell, Interim Chief Finance Officer at Housing Plus Group, said: “This is an important milestone for our Group and gives us a strong foundation for the future.
“This is a transformative moment for Housing Plus Group. Not only have we built on the strong foundations with existing funders, but we have also developed new relationships as part of this work. It helps us realise core pillars of our corporate strategy – to improve the group’s financial resilience and capacity, and to fund doing more for our customers. Crucially, we have simplified and restructured the funding picture for the Group, removing risk and allowing space for future growth.
“We’re grateful for the support of our funding partners and proud of the work colleagues across the organisation have put into making this happen.”
Wayne Gethings, Group Chief Executive at Housing Plus Group, said: “Everything we do is about our customers, and creating places people are proud to call home.
“Securing this funding means we can continue investing in our customers’ homes and neighbourhoods while delivering new homes for future generations.
“It gives us the financial strength to support our long-term plans and continue making a positive difference in the communities we serve.”
George Flynn, Director at Savills Financial Consultants, said: “We are delighted to have supported our long-standing client, Housing Plus Group on this landmark transaction which transforms their treasury portfolio.
“Through close collaboration, strategic planning and efficient execution, this transaction harmonises HPG’s terms and conditions, improves liquidity, reduces margins and secures the necessary funding to support HPG’s development and investment ambitions.
“Many thanks to the HPG team for entrusting Savills Financial Consultants on the delivery of this project.”
Natalie Singh, Partner at Trowers & Hamlins LLP, added: “The completion of this £961 million funding transaction is a fantastic achievement for Housing Plus Group and delivers a comprehensive treasury restructuring that aligns financing arrangements and supports the Group’s future investment and development ambitions.
“This transaction demonstrates the value of careful planning and a collaborative approach to complex financing projects. As a result of a solutions-focused approach across all stakeholders, the transaction simplifies and harmonises the Group’s treasury portfolio, enhances financial flexibility and provides a strong platform to support the Group’s long-term strategic objectives.
“We are grateful to the Housing Plus Group’s team for their partnership throughout the project and are proud to have advised the Group on this landmark funding programme and look forward to seeing the positive impact it will have on customers, communities and the delivery of new homes across the region.”