Hill

Housebuilder secures £200m credit facility



Housebuilder Hill has announced that it has secured a £200m, five-year rolling credit facility from four major banks.


The facility is being provided by a club comprising RBS, Lloyds, HSBC and Santander and is refinancing a £150m facility made by the same group of banks in 2015.

The new facility will allow Hill to continue its growth and support its plans of growing both its partnership and long-term regeneration work.

It will also provide the housebuilder with the funding capacity to invest in new opportunities.

During 2017, Hill partnered with a number of businesses, including Peabody, with whom it is working to deliver 580 new homes in London.

Andy Hill, chief executive at Hill (pictured above, centre), said that since founding the company almost 20 years ago, it had made significant strides to become a major player in the UK housebuilding sector.

“Both 2016 and 2017 were landmark years for our corporate development and this new financing facility gives us headroom to further invest in new opportunities, with a particular focus on joint ventures and regeneration.

“This commitment from four major high street lenders is a sign of the confidence that the banks have in our ability to build on our current success and to continue to deliver outstanding results over the next five years.

“To enable us to scale up, we’ll be recruiting an additional 20% more staff this year as we seek to bolster our skills internally and deliver more distinctive, quality homes across London and the South East.”



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