Southside Housing Association get £30 million boost

March 6, 2019

Southside Housing Association have had a positive £30 million in injection via Handelsbanken plc which is to help them finance new build properties and a programme of housing improvements.

“The Glasgow landlord will use the loan facility from the Swedish bank to support the finance of upgrades to existing properties and the building of more than 260 new homes, ranging in size from one to five bedrooms, in the Pollokshields and Cardonald areas of the city.”

Full story can be read on the Scottish Construction Now website.

Mandy Wright, head of finance at Southside Housing Association, was quoted as saying: “The securing of this loan was very much a collaborative approach between ourselves and the Bank and I look forward to this continuing. The nature of the loan facility provides a lot of flexibility and lets us access the funding as and when it best fits our major spend profile over the next three to five years.”

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