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G&C invests £100m in UK north as development finance demand rises
23/01/07
One of the UK's fastest growing property finance specialists, G&C Finance and Consultancy, is set to open its doors in the heart of Leeds this month (January 2007), committing more than £100m of funding capital to the marketplace.
Paul Stanley has been appointed to spearhead the growth of the northern region, which spans Yorkshire, Lancashire, Tyne and Wear, Cumbria and Scotland. The 100 per cent development finance firm already has a portfolio of 15 sites with a value of £60 million under construction or in negotiation within the area and aims to double this figure by the end of 2007.
Located at Park Place in the centre of Leeds, this is the second regional office to open outside G&C's Solihull headquarters since its arrival in the property marketplace two years ago. An office dedicated to meeting the needs of south-west and Wales was launched in Cardiff in September 2006.
Paul brings more than 20 years industry experience in development, investment and estate management to G&C Finance & Consultancy, together with an invaluable understanding of property finance.
He joins from The Royal Bank of Scotland where he was Associate Director in the Property Finance team. Here he provided specialist development consultancy support to the team and was involved in funding a wide range of schemes across the region.
Prior to RBS, Paul was employed as Development Director at Taylor Woodrow Developments Ltd and also holds the rank of Lieutenant Colonel in the Territorial Army. In January 2000 he was mobilised to serve with the regular army in Kosovo.
Commenting on his appointment to G&C Finance & Consultancy he said: "This is a great opportunity to be part of such an effective and forward thinking firm and at a pivotal point in the growth of the G&C business.
"The financial and consultancy product that G&C offers within the marketplace is unmatched and the company is growing from strength to strength based on its innovative skills base.
"This strategic move to expand G&C's expertise into the north of England is an exciting one for the firm. The property development market in the north is very strong and I look forward to engaging with all those involved to bring the G&C product to the fore."
Adrian Willet, managing director, G&C Finance and Consultancy, commented: "The volume of deals and enquiries from the north of England has grown significantly during the last 12 months. We took the decision to launch a Leeds office much earlier than we had originally anticipated to meet this rapidly growing market demand, and to ensure we retained a hands-on service delivery for all our clients operating within this region.
"We are delighted to welcome Paul on board. His particular mix of property and finance experience creates a strong platform from which to lead this new team forward. We know there is serious demand for what we offer and using Paul's skills we intend to fully exploit the G&C business model in the north of England and Scotland."
Providing impartial property advice, G&C was set up two years ago to enable developers to access 100 per cent development finance to fully fund small to medium sized residential and mixed-use speculative schemes. The firm offers land and development funding, bridging finance, loans for land purchase deposits, planning fees on option sites and up-front management fees to assist developers' business cashflows.
Irrespective of size and location, with or without planning permission, G&C will consider funding for the purchase of land, construction and related costs of all projects with a projected gross development value in excess of £1.5 million.
Although not the first company to offer 100 per cent development finance, G&C is turning the market on its head by making a commitment to arrive at an initial decision within 48 hours rather than the industry standard of four to six weeks
G&C Finance are 100% development funding & finance experts.