Market Leads & Opportunities
Galliard Homes secures £18m facility
Investec Real Estate has backed South East property developer Galliard Homes with an £18m senior facility to fund the development of a 109-unit residential scheme in East Grinstead.The 27-month loan will enable Galliard to convert two of the five interconnecting, multi-storey office blocks that make up Newacre House, which were originally constructed in the mid-1970s, into residential units.It will also help refinance existing debt on the site and help generate income on the remaining three office blocks.
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