SWAN Group, which focuses on delivering high-quality, affordable homes across the UK, has successfully secured a growth capital investment facility with the help of Conduit Finance to accelerate their growth.
The 5-year equity facility was provided by an institutional funder who is focused on backing real estate businesses that occupy niche positions in scalable markets and represents an initial £50m of growth capital facility.
Since 2013 Swan Group has been developing high-quality affordable housing for their partners which includes housing associations and local authorities.
The capital will help accelerate the development of over 3,000 affordable homes across the UK with an estimated Gross Development Value (GDV) in excess of £420m.
Conduit’s role consisted of helping the business transition to a more streamlined capital structure. As part of their support for Swan Group, Conduit sourced the investment partner, developed the investment pack and managed the transaction deliverables.
Phil McGinlay, Swan Group’s Managing Director said: “While over 1.3m UK families languish on waiting lists for affordable housing, the trend