Benjamin Davis

Octopus Real Estate commercial team almost doubles lending record




Octopus Real Estate completed a record £127m of property lending in October, while the specialist real estate investor’s commercial team almost doubled its lending record.

It completed commercial deals in London, the South East, Midlands and the North. 

The £127m of property lending recorded substantially beat the previous record of £101m achieved in May this year.

Almost half of the deals in October were made outside of the capital, with London seeing a mixture of refinancing, acquisitions and equity release. 

Octopus Real Estate — which recently opened its Manchester office — completed projects including land with planning, a hotel, an office and serviced apartments.
   
“This is another significant milestone for the Octopus Real Estate team post-merger,” said Benjamin Davis, CEO at Octopus Real Estate (pictured above).

“Our continued growth and success reflect the service that we offer to our broker and borrower network throughout the UK and the strength of our reputation and relationships with this base.

“We will continue to evolve with the UK real estate sector to ensure we can support our borrowers to fulfil their borrowing needs and realise the visions for their property projects.” 

Dan Murray, head of sales at Octopus Real Estate, added: “Being a flexible and nimble non-bank lender enables us to react to the market environment and listen to the needs of our borrowers.

“Having spent the past decade building a business known for putting its customers first, we want to thank our loyal network of brokers and lenders for continuing to support us and helping us improve our service at every stage of the property lifecycle.”

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