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UK: United Trust Bank (UTB) has combined its property development and structured property solutions teams to create a new real estate finance division.
The move is aimed at strengthening the lender’s ability to support developers and investors operating in an increasingly complex and diverse UK property market.
The combined division will provide a broad range of solutions spanning acquisition, development, refurbishment, investment, stabilisation and refinancing across residential, commercial and mixed-use property throughout England and Wales.
The new division is led by Adam Bovingdon, managing director of real estate finance. His team includes Orla Costello, leading property development across London and the south-east; Andy Thomson, overseeing the living sector and property development in the regions; Liam Lawlor, heading up structured property finance and Ben Peters leading strategic partnerships.
Bovingdon said: “The way our customers approach development and investment has evolved considerably in recent years. Today’s developers are increasingly operating across multiple sectors, tenures and funding strategies, requiring a lending partner capable of supporting them throughout the entire property lifecycle and across a variety of project types. Bringing together our property development and structured property finance divisions enables us to do exactly that. This is an exciting new chapter for UTB. We’ve combined two exceptional teams with complementary skills, deep sector expertise and a shared commitment to relationship banking. We remain committed to supporting developers and investors through changing market conditions and helping them capitalise on opportunities wherever they arise.”
Highlights:
- United Trust Bank (UTB) has combined its property development and structured property solutions teams to create a new real estate finance division.
- The move is aimed at strengthening the lender’s ability to support developers and investors operating in an increasingly complex and diverse UK property market.
- The new division is led by Adam Bovingdon, managing director of real estate finance
