Home Group secures £260m in new finance as part of 6,000-home plan

One Strawberry Lane - External

56,000-landlord also looking to invest £450m in improving existing homes

Home Group has secured new credit totalling £260m as it seeks to invest nearly £1bn in developing new homes and upgrading existing stock.

The 56,000-home landlord has agreed a new revolving credit facility of £110m with Barclays. It has also extended its existing facilities with Lloyds (from £200m to £250m), HSBC (£125m to £175m) and Nationwide (£90m to £140m).

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