Alternative finance platform, GLI Finance Limited, has changed its name to Sancus Lending Group.
It follows an AGM on 11 May, with the change in name reflecting the Company’s concentration on the alternative property finance sector, led by the performance of its wholly owned subsidiary, Sancus Group Holdings.
Andrew Whelan, CEO of Sancus Lending Group, said: “The rebrand of GLI to Sancus and the subsequent concentration on our core business of property finance comes at a time when we are seeing a very vibrant, active and buoyant property market across all our jurisdictions, particularly in the UK and Ireland where there have been sizable increases in demand for residential housing, supported by a range of government initiatives.”
He added: “We’re delighted to be supporting a number of schemes focused on the changes in ‘working from home/office’ hybrid models brought about post-pandemic. We have also seen an increase in activity in the big cities and we are providing finance to some large urban projects in the Midlands and North West of England as well as Dublin, Ireland.”
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