In a challenging debt finance market, we continue to have access to highly competitively priced, secured and unsecured finance from both lending institutions and joint venture partners.

Our ability to access low cost, flexible finance from a diverse range of lenders is a key competitive advantage. During the last year, the Group has secured in the region of £100m of debt finance, and has long established relationships with the following financial institutions:

  • Lloyds Bank Commercial Banking (and formerly Bank of Scotland)
  • HSBC
  • Barclays Bank plc
  • Principality Building Society
  • Royal Bank of Scotland
  • SunLife of Canada
  • Aareal Bank France SA
  • Aviva

The gearing level adopted by the board is at historically low levels and reinforces the Group’s defensive position.