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RBS loans £22.5m to Plymouth developer

Plymouth-based developer Sutton Harbour Holdings has clinched a £22.5m loan from Royal Bank of Scotland Corporate and Institutional Banking.

The AIM-listed developer will use the funds to continue to develop the 460-berth Sutton Harbour Marina site as well as complete the 171-berth King Point Marina, slated for completion in September this year.

The developments include office space, a yacht club, restaurants and residential properties.

sophia.furber@estatesgazette.com

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