Devonshires work with West Kent Housing Association to achieve £399m refinancing agreements

Devonshires are delighted to have worked alongside West Kent Housing Association on their latest refinancing exercise to secure £399m of funding from several different lenders. Devonshires acted on the property charging elements which comprised of charging just under 1,700 units across three separate exercises. 

On a personal note, it has been a pleasure to continue to work closely with the team at West Kent on this progressive and dynamic financial restructure. The deal will now mean that West Kent can actively support their plans for the deliverance of more quality affordable homes as well as improve the efficiency of their existing homes too.

Maria Organ, Executive Director of Finance at West Kent said:

“For the first time in a decade we have completed an overhaul of our Treasury arrangements, to help meet the challenges we are currently seeing in the financial markets, especially within the sector. Our work with Devonshires has been crucial to achieve key elements in this refinancing exercise, which will equip West Kent to better meet the increasing demands for investment in new and existing homes, whilst also supporting our plans to provide housing for our residents that is net-zero carbon.”

The Devonshires team was led by myself with the assistance of Manjutha Vamanananthan, Solicitor.