BridgingDevelopment FinanceNews

Fortwell capital appoints development finance specialists

Short and medium-term real estate lender Fortwell Capital has appointed two development finance specialists to its senior team.

Arthur Jennings is appointed to the newly-created position of head of development finance and Nikos Yerolemou to the position of senior analyst – development finance.

Jennings has previously held a number of senior real estate appointments at Qatar National Bank in London and Royal Bank of Scotland.

Yerolemou was previously an analyst with Lloyds Banking Group’s Commercial Real Estate division. He is a graduate of Cambridge University and attended Cambridge Judge Business School.

Jennings said: “Fortwell’s offering attracted me because of its skilled individuals and the support it receives from its parent business, CPC Group. These unique factors enable Fortwell to pursue opportunities others cannot.”

Yerolemou said: “The move to Fortwell appealed because I wanted a role that combines greater personal and professional responsibility with an opportunity to take ownership of complex real estate funding transactions from their start to finish.”

Colin Sanders (pictured), chief executive officer, said: “The positive changes we have introduced to the business in recent months – from investment in skilled, senior-level personnel to product enhancements, our re-naming and an expensive office relocation – reflect our long-term confidence in the UK’s real estate financing sector and our part in it.

“We believe the next few years will reveal superb opportunities for securely-funded, nimble lenders able to strike the right balance between risk and reward. Our focus in this regard will remain firmly on London and the wider South-East region. It is the area we understand best, and which we judge will continue to offer the best returns over the medium- to long-term for high-value specialists such as ourselves.”

Fortwell capital is a principal lender providing short and medium-term funding solutions to the non-regulated real estate market. It was established in 2010.

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