5:45 AM 14th September 2020
Bank Appoints Relationship Director To Support Yorkshire Property Clients
Lloyds Bank has appointed Oliver Shaw as relationship director in its real estate team, strengthening its support for property SMEs across Yorkshire.
Oliver has recently supported the bank’s mid-corporate customers across the region and brings with him 13 years of experience within Lloyds Banking Group’s commercial banking division.
Based at the Hustlergate branch in Bradford, he joins a team of seven relationship managers dedicated to helping property clients across Yorkshire and the North East, as the sector continues to navigate the challenges of COVID-19 and plots its way towards recovery.
Across Yorkshire and the North East, the specialist team has provided £89 million of general borrowing to the region’s property firms this year through more than 130 deals. It recently supported Huddersfield landlord and developer Euroconnect Properties with a multi-million-pound finance package to redevelop an old retail centre into 29 maisonettes and apartments, powered entirely by green energy.
Since March, the team has been busy helping businesses to arrange support via the Bounce Back and Coronavirus Business Interruption Loan Schemes so firms can overcome disruption caused by the pandemic.
Joanne Clough, area director for real estate at Lloyds Bank, said: “It’s never been more important for clients to have access to experienced consultants as they navigate the unique challenges from COVID-19. Oliver’s decade of supporting Yorkshire firms will be invaluable as our team continues to help real estate firms looking ahead to recovery.”
Oliver said: “There are encouraging signs that the market is picking up pace following lockdown, which is promising news for landlords and developers across residential, commercial and industrial properties. What’s more, the movement in the market is providing a good opportunity for some clients to expand their portfolios.
“While the picture improves, tenants of all types still have a challenging few months ahead, creating knock-on-effects for landlords. I look forward to working alongside our real estate customers as they continue to support occupiers and plan ahead for recovery.”