A2Dominion strikes new £75m loan agreement with Barclays

Residential property group A2Dominion has agreed a new £75m revolving credit facility with Barclays Bank plc.
The new funding will go towards building over 7,600 new high-quality homes in London and southern England, with plans to deliver 1,200 new homes each year from 2020.

Dean Tufts, A2Dominion’s Executive Director (Finance & Strategy), said: “We are pleased to have worked with Barclays Bank to secure this new funding, demonstrating the forward-looking financial strategy A2Dominion has in place. Despite the uncertain times, we continue to remain committed to building more affordable homes and investing in the communities that we work in.”

Andy Taylor, Relationship Director at Barclays Corporate Banking, said: “A2Dominion is a valued existing client of Barclays’ Social Housing team and by providing a new £75m Revolving Credit Facility that further supports A2Dominion’s planned development programme of 7,600 new homes, we’re pleased to be able to help them grow further.

“We’re proud to be able to continually support the social housing sector and our clients to deliver much needed affordable and for sale housing.”

About A2Dominion

A2Dominion is a residential property group with over 38,000 homes across London and southern England, and thousands more in the development pipeline.

The Group provides affordable, private and social rented homes, student, NHS and temporary accommodation, as well as supported housing and homes for older people.

It also offers high-quality sustainable homes for sale and shared ownership, available through its FABRICA by A2Dominion brand.

Whilst the Group takes a commercial approach to housebuilding, all of its profits are used for a social purpose, with millions of pounds reinvested into delivering more new homes and better services for customers.

A2Dominion is part of the G15, a group of the largest housing providers in London.