1 Nov 2023

LDS partners with Shawbrook to accelerate £6m development by The PG Group

LDS has joined forces with Shawbrook Bank and The PG Group to drive forward the construction of 18 new-build apartments in Weston-Super-Mare.

As part of this 85% LTC deal, LDS provided The PG Group with over £400,000 of funding to complete the scheme.

Speaking on behalf of the developer, Stuart Gaiger, Shareholder Director of The PG Group, said: “We’re delighted to conclude this first transaction with LDS. Not only will this speed up the completion of this project, but it also supports us bringing forward our wider pipeline of homes throughout the Southwest.”

John Hughes, Senior Relationship Director at Shawbrook, said: “It’s fantastic to be working with both The PG Group and LDS on this project.

“The development brings much needed quality housing to Weston and the support from LDS will assist in bringing this to fruition.”

Alex Maltby, Origination Director at LDS, commented: “LDS has the appetite to support quality partners in all market conditions.

“It was a pleasure to collaborate with Shawbrook and The PG Group on this bespoke funding structure.

We’re excited to be part of this development, and to be facilitating the delivery of more homes by The PG Group.”

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