© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - £1.2m Acquisition Finance Package Shows Market is Alive and well
Posted 6th July 2016

£1.2m Acquisition Finance Package Shows Market is Alive and well

Avamore Capital, the specialist provider of short term finance for property developers and investors, has closed a £1.2m loan facility for Magna Group to enable them to acquire an existing office building in Godalming, Surrey.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

£1.2m Acquisition Finance Package Shows Market is Alive and well
Image

Avamore Capital, the specialist provider of short term finance for property developers and investors, has closed a £1.2m loan facility for Magna Group to enable them to acquire an existing office building in Godalming, Surrey. The property is situated in a very attractive position both in the centre of Godalming, but also backing on to the picturesque River Weygodalming.

The property benefits from permitted development consent for conversion of the building into ten residential apartments and Magna Group intends to make a further permitted development application to add seven more units within the existing building. Magna will also apply for full planning consent to carry out external alterations to enhance the appearance of the building.

Commenting on the scheme, Michael Dean, Principal of Avamore Capital, said: “The project is being undertaken by a strong, professional developer in a very attractive location with the potential for highly desirable river-facing units.”

“This transaction demonstrates there are still very good permitted development conversion projects in high demand locations. This combined with the fact that the finished units are projected to sell at a discount to the wider market represents a low risk project for Magna. From our point of view this project provides us with a compelling lending opportunity and we are delighted to have been able to support a strong developer through this turbulent period.”

“Against a backdrop where many short term lenders are significantly reducing their lending activities, Avamore Capital continues to take advantage of the current situation. Whilst we may be more selective on deals, broadly speaking it remains business as usual.”

For further information, please visit: www.avamorecapital.com

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Types of Damages Available in Personal Injury Cases
Legal
13/04/2023Types of Damages Available in Personal Injury Cases

If you have been injured in an accident through no fault of your own, you may be feeling frustrated by the medical expenses you have had to deal with, the income you have lost by being unable to return to work, and by other property losses you may have experie

Read Full PostRead - Eye Icon
Tips on How to Protect Your Business from Coronavirus Scams
Strategy
06/05/2020Tips on How to Protect Your Business from Coronavirus Scams

Taking advantage of any situation that presents itself, cybercriminals all over the world have been finding ways to capitaliseon the current coronavirus pandemic. In recent weeks there have been numerous phishing scams related to the virus, from emails and mes

Read Full PostRead - Eye Icon
KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition
Finance
10/06/2015KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition

KPMG Yorkshire Advise Redhall Group During Cape PLC's Acquisition

Read Full PostRead - Eye Icon
Creating a Tailored Acquisition & Integration Strategy
M&A
26/03/2018Creating a Tailored Acquisition & Integration Strategy

MVF, a global customer generation firm based in London, has made several acquisitions over the past twelve months - including Startups.co.uk, the UK’s number one website for entrepreneurs, startups and small business and Tech.co, a US based tech news and res

Read Full PostRead - Eye Icon
CEO of the Year, Germany
Innovation
29/02/2016CEO of the Year, Germany

Linguatec develops and markets leading edge language technology solutions for Machine Translation, Automatic Speech Recognition and Speech Synthesis.

Read Full PostRead - Eye Icon
How Does SaaS Financing Work in 2022?
Finance
02/09/2022How Does SaaS Financing Work in 2022?

The SaaS segment is replete with startups hoping to become the next big thing, and eventually achieve worldwide success.

Read Full PostRead - Eye Icon
4 Tools to Help Your Brokerage Stay Successful
Legal
12/01/20224 Tools to Help Your Brokerage Stay Successful

Brokers' responsibilities involve cross-selling with other financial products and services their brokerage firm offers. The vast majority of new brokers initially keep a daily schedule built heavily around marketing themselves. They have to get needed leads an

Read Full PostRead - Eye Icon
Marvels in Medical Malpractice
Legal
08/02/2021Marvels in Medical Malpractice

Injuries can be an incredible challenge to tackle, but finding the right lawyer to handle the case that follows can make all the difference. Joseph P. Awad has built a strong reputation for himself that has led to his being named as Leading Personal Injury and

Read Full PostRead - Eye Icon
HOSTMAKER launches Bangkok branch
Finance
13/08/2018HOSTMAKER launches Bangkok branch

HOSTMAKER, the leading home rental management company in Europe, has today announced its launch into the Asian market, expanding into Bangkok, the world's most visited city.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow