Centrus arranges additional £16m debt for St Arthur Homes to deliver affordable homes

About St Arthur Homes

St Arthur Homes is a Registered Provider of high quality, Shared Ownership homes in England.

St Arthur Homes currently has a portfolio of over 320 homes, plus significant pipeline over the coming years, working in partnership with a range of national and regional developers.

Specialising in s106 and grant led schemes between 20-150 units and prioritising high quality, energy efficient homes – the new funding will allow St Arthur Homes to continue providing new Shared Ownership homes to customers across the South East and Midlands.

Transaction Overview

St Arthur Homes has secured an additional £16m debt from funds advised by CBRE Capital Advisors to help deliver affordable homes.

Centrus acted as arranger to secure this additional stabilised funding from funds advised by CBRE Capital Advisors, having raised a total c.£60m of development and stabilised financing for St Arthur Homes over the past 12 months.

“It was a pleasure working closely with the Centrus and CBRE teams to deliver this portfolio refinancing covering a portion of our stabilised Shared Ownership stock. The refinancing allows us to continue our growth story of delivering fantastic affordable new build homes to our customers. Many thanks to all involved in the lengthy process in securing this raise and ensuring best Value for Money was secured in a viable manner.”

Costa Ghioules, CFO – St Arthur Homes

“We are delighted to have supported the team at St Arthur Homes again to arrange this additional funding from CBRE. We have been working with St Arthur Homes for the past 2 years and have now arranged c.£60m of debt facilities to help support the development and supply of new shared ownership homes. We look forward to working with the team to continue to support their growth aspirations over the coming years, which will see the portfolio grow significantly to help meet the significant demand for affordable homes in England.”

Scott Douglas, Assistant Director – Centrus

“This is our third loan facility with St Arthur and the first in the stabilised investment space. It has been fantastic watching the business go from strength to strength and we have very much enjoyed working with the Centrus and St Arthur teams again. We see Shared Ownership housing as being of vital importance to the UK housing market and are delighted to have advised a longstanding pension fund client on this debt investment.”

Nick Griffiths, Director – CBRE Capital Advisors

For more information, please contact Scott Douglas, Assistant Director – Centrus

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