Octopus Property is the latest division of the Octopus Group, which acquired the short- and medium-term lender in late 2013.

Octopus Property launched in 2009 and has to date lent over £2.2bn in loans.

Mark Posniak, managing director of Octopus Property, said that it would strive to provide brokers and their clients with the exact same service levels and certainty of lending that it delivered as Dragonfly. 

“Octopus has always been instrumental in Dragonfly’s success, having provided our first funding line back in 2009.

“Since we were acquired outright, it was only a matter of time before we rebranded to Octopus, which is an established, respected and energetic brand within financial services.

“This is an exciting time for everyone here and we look forward to helping Octopus Property become a leading brand within the UK property sector.”

Other divisions within the Octopus Group include Octopus Investments, Octopus Healthcare, Octopus Ventures, Octopus Energy and Octopus Labs.

Mario Berti, head of Octopus Property, explained that the launch of the new division marked the group’s commitment to the UK property market.

“Building on the strong foundations we have put in place with Dragonfly, we will grow our share of the short- and medium-term finance market and continue to identify exciting opportunities in UK property where we believe we can really make a difference to our customers, while delivering attractive returns to our investors.

“Octopus Choice, the new peer-to-peer lending platform powered by Octopus Property, is the latest example of this and underlines our goal of continually introducing new products and services for our customers.”

Founded in 2000, Octopus Group currently manages over £6bn of funds for 50,000 investors.