The transaction helps de-risk the business plan and further supports Optivo’s core aspiration in providing much needed social housing to its community.
The £190m deferred funding deals deliver certainty on the availability of future funding at record low rates and allow Bromford to approach its future development objectives with confidence.
Newbridge is pleased to welcome Chris Evans, who has joined as a Director from the DCM team at Lloyds Bank. The appointment represents significant further growth of the Newbridge social housing and structured bond franchise.
The panel offers the provision of advice to Government Departments, Local Authorities, NHS Trusts, Non-Departmental Public Bodies, Arm’s Length Bodies and Agencies, across England, Northern Ireland, Wales and Scotland.
Newbridge developed a bespoke model to analyse multiple scenarios of the revised contract and complex timetable amendments and provided analysis of the consequences.
Over the last 12 months, Newbridge have worked with The Guinness Partnership to establish and implement the most appropriate funding strategy to further their ambitions to provide more low cost housing to tenants in England.
We are shocked and saddened by the recent passing of Jeremy Froud, a Partner at Newbridge Advisors. Our sincere condolences go out to Jeremy's family, friends and colleagues, he will be missed greatly.