Investment house Blackmore Group has announced its intention to expand into the residential market with the launch of a bond and the appointment of BNP Paribas Real Estate as its advising agent.
Its Blackmore Bond will fund both residential and commercial property development projects and offer a fixed return over a term of four or five years.
It has instructed BNPPRE to be its main property adviser, and associate director for residential capital markets and investment Ricky Poonia will advise on acquisitions.
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