Transaction

Clearwater advises Almaren on a new finance package, with funding provided by Pluto Finance

Transaction

Almaren Homes received investment from Pluto Finance

Development finance

Undisclosed

Role

Adviser to Almaren Homes on a new finance package, with funding provided by Pluto Finance

Sector

Real Estate

Region

United Kingdom

Almaren has been building houses in the East of England since 2006 and specialises in providing varied housing to meet local market demand. As the real estate market continued to improve, this ambitious company was looking for a finance package which would support its growth.

Following a competitive process, the funding has been provided by Pluto Finance - a leading provider of residential development financing. The first scheme to be funded is Anglian House - a prime location in the centre of Huntingdon, Cambridgeshire - which will become luxury apartments. This is the start of a long-term relationship between Almaren and Pluto, with many more schemes to come.

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Clearwater were able to help us to understand what financing options were available to us and used their market insights to introduce us to the right people. We look forward to a long-term relationship with Pluto Finance.

Chris Walling, Chairman, Almaren Homes
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We are pleased to have been able to work with Almaren in assisting them with securing this important funding. This finance will be put to great use in a project which will benefit a thriving business community. Deals like this are a timely reminder of how debt packages can allow entrepreneurial businesses to make their equity work harder.

Chris Smith, Partner, Clearwater

Advisers

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