Devonshires are delighted to announce that they have advised Estuary Housing Association on a new £40m private placement with M&G Investments, which will enable Estuary to build 400 new homes by 2018.
Devonshires are delighted to announce that they have advised Estuary Housing Association on a new £40m private placement with M&G Investments, which will enable Estuary to build 400 new homes by 2018.
Paul Durkin, chief executive of Estuary said: “The process of raising funds through a private placement was new to Estuary and we are very pleased that we have been able to raise funds at a favourable rate that enables us to meet our social purposes through the provision of much needed affordable homes in areas of acute need.”
Julian Barker, banking partner at Devonshires commented: “We are delighted to have advised Estuary on this new private placement, which will help realise their development plans over the course of the next few years”.
The Devonshires’ banking team was led by Julian Barker, assisted by Chris Nelson and the property team was led by Sharon Kirkham, assisted by James Murphy.
