Principality Commercial provides funding for the acquisition and re-financing of investment properties such as offices, industrial, retail and residential.
Principality Building Society’s Commercial arm has appointed three senior managers to add significant experience as part of its ambition to drive the business forward.
Jan Quarrington, social housing manager, joins the Society from housing association sector company Pobl, having previously worked in corporate banking. Jim Brook is the head of the relationship team, having worked for 29 years with RBS Group across the Midlands, South West England and South Wales in various corporate banking roles.
They are joined by John Union, corporate consultant, who was formerly the head of corporate banking in Wales for Barclays.
Principality Commercial provides funding for the acquisition and re-financing of investment properties such as offices, industrial, retail and residential. They also fund residential developments and commercial developments, and are a committed player in the affordable housing sector.
The division is an important part of the Society’s business model providing a diversity of earnings but also the projects it funds are consistent with its ethos of investing in its own communities and supporting the Welsh housing agenda.
Peter Hughes, managing director at Principality Commercial, said: “We have built a reputation over the past 15 years for delivering tailored commercial property funding solutions and I’m happy that we now have in place a strong senior management team to help implement our strategy. Jan, Jim and John bring with them vast amounts of knowledge and expertise in key areas to the business. I am sure they will help us flourish in the future.”
