Stonewater, an organization managing 39,000 homes, secured funds from both current partners—including Barclays, NatWest, and Nationwide—and new ones, such as ABN AMRO and HSBC. These new credit options are flexible, with time frames between 5 and 10 years.
This financing has allowed Stonewater to improve its financial covenant structure with both new and prior funds, which has led to increased financial adaptability, enhanced liquidity, and greater borrowing capacity.
With over 80,000 clients, Stonewater will invest these funds in achieving the top priorities outlined in its strategic plan, which include offering client-focused services, creating high-quality living environments, and enhancing the value it imparts through sustainable environmental and social practices.
Stonewater’s Chief Financial Officer, Anne Costain, stated: “This financial boost reinforces our dedication to building vibrant communities rooted in high-grade, affordable housing. It is a significant stride toward fulfilling our 2030 strategic goals. The new credit facilities will be instrumental in planning and erecting new affordable homes and improving current properties.
“Maintaining strong banking partnerships is essential for our pursuit of affordable housing. We are immensely grateful for the sage counsel provided by Savills Financial Consultants and the legal expertise by Devonshire’s during this funding endeavour.”
Isabelle Kirk, Assistant Director of Treasury at Stonewater, mentioned: “The team at Savills Financial Consultants offered superb support throughout the funding process, giving detailed analysis that assisted our decision-making and helped meet our timeline.”
George Flynn, Director at Savills Financial Consultants, added: “It was great to assist the Stonewater team with this significant funding effort, involving several lenders, to support Stonewater’s long-term strategic goals.”
