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Avtar Properties boosts growth following finance deal

Avtar Properties has secured a further multi-million pound facility with the support of funding from Santander Corporate Banking. 

The funding will support the consolidation and growth of the business.  The family run business, established in 1972, provides student, professional and shared lets residential accommodation and owns many commercial buildings in the centre of Leeds and surrounding areas.  In addition, they carry out mainstream property development work.

Avtar Properties owner Avtar Singh Thethi said: “As a property investor we are always looking to acquire more commercial and larger properties in the near future and the new facility from Santander enhances our ability to do so.”

Graham Yates, relationship director at Santander Corporate Banking, said: “We are delighted to have supported this valued customer and we look forward to assisting them with their growth ambitions in the future“.

Manjit Virdee, Property and Banking Associate at Schofield Sweeney, said: “Our banking team worked hard to ensure the transaction completed within a short time scale and worked efficiently in completing the bank’s security which included dealing with derivatives – an extremely successful result for all those involved.  This was the second multimillion pound deal carried out for Santander by Schofield Sweeney in less than a week and we are pleased to have advised Santander to secure successful results and this is evidence of strong relationships between Schofield Sweeney and Santander”.

About the Author

Manjit Virdee

Partner

Manjit covers a broad range of commercial property work; but specialises and leads the firms Secured…

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