News - Midlands
Lioncourt roars after fundraising round
Stoke-on-Trent housebuilder Lioncourt Homes has just completed an equity fundraising round, bringing the total amount of equity raised since 2006 to £20m. As a consequence, new banking facilities have been put in place with HSBC and Royal Bank of Scotland. The company has strengthened its land position and, in recent months, has quadrupled landbank to 1,200 plots. The target is to increase landbank to around 6,000 plots over the next few months, and Lioncourt says negotiations are well advanced on further acquisitions.