Back
News

Lloyds’ property financing tops £9bn

Lloyds_TSB_logo_THUMB.jpegLloyds Bank’s commercial real estate teams provided more than £9bn in funding in 2015.

The bank’s activities ranged from lending on the HSBC Tower in Canary Wharf to financing work at Spinningfields in Manchester.

Of the total, the larger lending team provided £7.4bn, with the balance provided by the team responsible for loans of less than £12.5m.

John Feeney, managing director and head of commercial real estate at Lloyds Bank, said: “2015 marked another successful year of support for real estate clients and evolution of our business model. We are proud to have increased funding to the sector and completed a series of landmark transactions. Through our steadfast support for clients, we have played a part in the revitalisation of our property and communities, contributing to jobs and growth across every part of the UK.”

He added that the team also distributed record volumes of the transactions completed over the year, helping enhance the lending ability of the bank.

Feeney believes that 2016 will be another year of strong volumes, with many deals likely to happen in Manchester, Birmingham and Edinburgh.

• To send feedback e-mail mike.cobb@estatesgazette.com or tweet @MikeCobbEG or @estatesgazette

Up next…