Longhurst houses £100m amid affordable homes funding spree

Houses
By Mike Turner
19 Aug 2019

Longhurst Group has signed a £100m revolving credit facility, as the UK’s social housing sector finds plenty of support and increased competition from lenders for their business.

Barclays is providing the facility, which is an increased and extended iteration of an existing deal with the UK bank.

Longhurst will use the financing to develop 800 units in England’s East Midlands.

The deal is the latest in a string of similar transactions for UK social housing companies. 

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