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About Us
News Release - May 2007 |
£13 million boost for students in Liverpool
Britannia Commercial Lending has recently completed a £13 million deal to finance the purchase of a portfolio of student accommodation in Liverpool.
The subsidiary of Britannia Building Society completed the deal with Aneel Mussarat, a successful property developer based in Manchester.
Dave Dono, Head of Residential Investment at Britannia Commercial Lending (BCL), explained: "As a result of our flexible and innovative approach we were able to create a bespoke funding package to meet Mr Mussarat's needs for his Liverpool venture. He has been an active investor in commercial property for many years and has developed his own brand, concentrating on value for money and quality.
"Part of Britannia's strategy is to be easy to do business with, therefore BCL works closely with its borrowers to offer funding which suits their exact funding requirements."
Britannia Commercial Lending is a subsidiary of Britannia Building Society and specialises in long term investments. The team will lend against commercial property and residential portfolios, and also to Housing Associations and large-scale voluntary transfers.
Aneel Mussarat, listed 466 in the Times Rich List, has been a prolific investor since the late 1980s. Initially focusing on the refurbishment and letting of smaller inner city housing, in more recent years his emphasis has changed to larger commercial investments.
For more information, please contact Jayne Dono or Karen Holt, Britannia Group communications, on 01538 393883.
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