Arbuthnot Latham is investing in infrastructure to launch a commercial property fund.
The news was revealed in Arbuthnot Banking Group’s Q3 trading update, which also highlighted a 75% rise in written loans for the three months to 30th September, compared with the same period last year for the group.
It was explained that following positive feedback from potential investors, Arbuthnot Latham was investing in infrastructure to launch a commercial property fund.
The group is also in active dialogue with management teams, which should, during the course of 2018, further assist the business in continuing its strategy of diversifying its asset base and earnings.
Arbuthnot Latham recently opened a new office in Bristol.
In its quarterly update, Arbuthnot Banking Group stated that the overall loan portfolio was 33% higher than the previous year.
The group also highlighted that the private bank had experienced a steady flow of loan repayments with older loans being successfully repaid in the quarter.
The group added that as part of its long-held strategy, it remained active in developing new businesses to diversify its sources of income.
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