Refinance deal secured by residential regeneration and investment group

Growing PRS owner manager, G2M Group, has expanded its funding from Barclays to continue its growth and asset acquisition strategy.

The Doncaster-based business is pioneering the regeneration of existing UK residential properties. The group’s core focus is on improving housing energy performance delivering better, more economical homes to rent delivered through its customer brand – habodel.

Paul Morton, group CEO, said: “Recycling our equity is critical to expanding the group’s operations and Barclays’ further support enables us to continue to build towards our aspirations of being the largest and best in sector operator in the UK.”

The group now employs over 60 staff and has a large, diversified portfolio of single-family homes, focusing entirely on the mid rental market.

Ashley Airey, Barclays relationship director, put together the funding package for the deal.

He said: “Barclays is proud to support innovative businesses like G2M who have such clear environmentally and socially motivated goals.

“The new facilities will enable the company to grow at pace and we are delighted to support such valued customers through these challenging times.”