Saturday, June 19, 2021

G2M Group funding growth plans with £25m finance facility

G2M Group, a Doncaster-based private rented sector (PRS) owner manager, is funding growth plans with a £25 million finance facility from Paragon Bank.

The funding – from Paragon’s Structured Lending arm – will enable G2M to accelerate its property acquisition strategy.

Founded in 2021, the company is aiming to swiftly scale its large demographically and geographically diversified rental portfolio.

Operating through its customer brand habodel, the group is focused on large volume regeneration of existing UK property stock, with a specific focus on energy improvement.

“As a group, our focus on energy efficiency directly addresses the UK’s carbon emission and fuel poverty issues,” said G2M Chief Executive Paul Morton.

“The warehouse facility from Paragon will provide an accelerant to the equity in our business, significantly increasing both the number of homes we can regenerate as well as increasing the positive environmental and social impact we are delivering.”

Tony Williams, Director at Paragon Structured Lending, added: “We’re pleased to be able to support G2M with its expansion plans with this funding package.

“This is a business delivering tangible benefits to people’s lives, providing good quality, safe and secure homes.

“If you entered a G2M rented home in the South East or in the North East it would have the same look, feel and high standard of finish. Their approach is raising the bar in the private rental sector.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close