London, GB 11 °C

Thursday, March 28, 2024

News

STB strengthens real estate finance division

Tom Belger | 14:58 Monday 18th June 2018

Secure Trust Bank (STB) has announced the appointment of Chris King (pictured above) and Andy Thomson to lead the company’s real estate finance division across London and the South East.

Chris joins the specialist bank from RBS, where until recently he held the position of head of commercial real estate finance.

Andy was previously head of debt advisory at GVA and has been responsible for the origination, negotiation and structuring of over £1.6bn of property debt finance and syndicated debt structures totalling £2.8bn over the course of his career.


Andy Thomson

Both join as head of real estate finance in London and the South East at Secure Trust Bank Real Estate Finance, with each managing a team of experienced relationship directors.

They will be responsible for driving performance and growing the business across the regional real estate finance subsectors.

 “Both bring with them a wealth of leadership experience across real estate and financial services having sourced and structured multi-million-pound facilities across the UK,” said Andy Scott, head of real estate finance for Midlands and South at STB Real Estate.

“Both will be key assets to the team as we continue to actively support landlords and property developers to achieve their aspirations.”

The division has enabled the development of new-build property, commercial-to-residential conversions and refurbishment projects nationwide.

It recently reported a strong period of growth with lending balances increasing 29% to £580.8m in the year to 31st December 2017.

“2017 was a strong year for the real estate finance business, in which we generated our strongest pipeline to date and increased lending balances significantly – importantly, while assisting and working to the needs of our customers,” added Andy.

“With the continued resilience of the property investment and development markets in London and the South East, we are now in a position to strengthen our services even further.”

leave a comment

Your email address will not be published.