Elivia Homes secures £100m refinancing deal to fuel ambitious growth plans

16 Nov 2023

Elivia Homes has reached a substantial refinancing agreement with Octopus Real Estate that will furnish the company with a significant financial boost, further underpinning its growth trajectory.

The three-year revolving credit facility, offering up to £100 million in senior debt, signifies a significant milestone for Elivia as it pursues its expansion strategy from 300 to 1,000 homes per year. The new RCF’s capital builds on the considerable £200 million shareholder facility already in place.

In addition to strengthening Elivia's liquidity, this agreement positions the company strategically to cement its foothold in the three existing regions where it operates and extend its reach even further.

This refinancing supersedes Elivia's previous financial partnerships with Barclays, NatWest, and Santander, all of whom have played instrumental roles in supporting Elivia over the past few years.


Iain Brown, Chief Financial Officer at Elivia Homes, comments:

"This marks a crucial milestone for the business, and we are thrilled to have secured up to £100 million in additional capital under an improved security structure.

“This funding will furnish the business with the capital necessary to realise our ambitious growth plan over the next three years, and we extend our gratitude to Barclays, NatWest, and Santander for their steadfast support to Elivia and Millwood over the years.”


Chris Chiles, CEO at Elivia Homes, adds

“This new agreement will serve as a key building block in our pursuit of delivering Elivia’s differentiated product and service to a wider range of customers.  This funding will enable increased investment in land, digital technologies and sustainable innovation, scaling the Elivia platform and taking advantage of the market opportunities across all three regions.”


Andy Scott, Head of Development Lending at Octopus Real Estate, concluded:

“Here at Octopus Real Estate, we’re on a mission to reimagine real estate lending and investment. This facility marks our latest product innovation into the core residential sector – Elivia have been delivering high quality housing for a number of years, and we’re delighted to be able to support them with a bespoke facility as they embark on the next stage of their growth towards building 1,000 new homes per year.”

Elivia Homes remains steadfast in its commitment to advancing its growth plans, even in the face of a challenging economic landscape. While some developers hesitate to invest, the company's long-term outlook and robust financial partnerships are underpinning a significant land acquisition program.