Trent & Dove plans development expansion after securing £50m facility

Jan Griffiths, resourcing director at Trent & Dove, said: “This new facility means we can press ahead with delivering our development plans in areas of the country where high-quality affordable homes are in short supply.

“It also means we can continue to invest in improving and maintaining our existing properties to ensure they don’t just meet but exceed decent homes standards.

“I am grateful to the advisory teams that have supported us during this transaction, helping to make the process as streamlined and hassle free as possible.”

The deal was struck with the support of the funding team at Anthony Collins Solicitors.

Jon Coane, partner and head of funding at Anthony Collins, said: “This funding project will help Trent & Dove build more essential housing and continue to improve the homes of their existing customers.

“We’re proud to have played a role in bringing this important finance deal to completion and helping Trent & Dove to invest more in their communities.”

A team of financial consultants at Savills UK also worked on the deal.

There have been a number of funding deals struck this week. A housing association in the South of England secured a £50m loan from a major bank to retrofit 2,000 homes.

Plus, West Kent Housing Association agreed a £50m refinancing deal with NatWest.