Lioncourt Homes, the UK house building company, backed by Lioncourt Investments, has successfully raised a further € 6.5 million of equity to facilitate further expansion. The equity came from a mix of new and existing investors.
This fundraising follows a recently negotiated €26.5 million new debt facility with HSBC. Together these developments provide Lioncourt Homes with a total fund of approx. €33 million for expansion in the West Midlands area where its operations are focussed.
Lioncourt Homes is currently operating at record levels; operating on 16 separate sites in the UK. Land is also being acquired at record levels. In the last two weeks alone, Lioncourt Homes submitted offers on eight new land opportunities.
The Company is anticipating strong profitability for 2015, and is on track to earn c. €11 million EBITDA this year. It is continuing to build its management team in support of its key objective of building and selling over 500 homes each year.