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Midlands affordable housing project gets debt from Barclays

 


Barclays has provided Waterloo Housing Group with a £100m loan for the company’s construction of 3,000 affordable homes.


 


The deal will provide three years’ funding to enable the company to build a further 3,000 homes for families on low incomes in the Midlands, for shared ownership schemes and for sale when market conditions improve.


 


Waterloo Housing Group was formed 15 months ago after the merger of Eastern Shires Housing Group and Waterloo Housing Association and currently owns 17,500 homes mainly in the counties of Leicestershire, Lincolnshire and the West Midlands.


 


Nick Barlow at Addleshaw Goddard provided legal advice to Barclays with Ralph Picken of Trowers & Hamlins advising Waterloo Housing Group.


 


nathan.cross@estatesgazette.com

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