Japanese bank concludes deals with London

Japanese bank closes two deals with London housing associations.

The Japanese bank Mitsubishi UFJ Financial Group (MUFG) has concluded two loan deals with great London housing associations valued £125 million.

Southern Housing Group acquired £75 million and A2 Dominion borrowed £50 million, the two were contemplating credit facilities.

Sanjay Narbheram, director of housing finance for Europe, the Middle East and Africa at MUFG, noted: “MUFG are pleased to be able to support these two organisations meet their aspirations to build much-needed new homes.

“We all share an ambition to support housebuilding across the UK and we were delighted to support Southern Housing Group and A2 Dominion Group at an important time for both businesses.”