Lincolnshire-based housebuilder Allison Homes Group, previously known as Larkfleet, has secured a £120m re-financing designed to fund a planned four-fold expansion.

The £126m turnover firm, which along with Allison Homes was bought out by funds managed by US investment giant Pimco last year for an undisclosed price, said the re-financing will allow Allison Group to grow to deliver 2,000 homes a year.

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