United Trust Bank hired the construction activity of Andy Thomson’s leadership, because the company expanded its business in real estate development.
Thomson will act as a new role in operating real estate at the senior director of the UTB real estate development department.
The lender said that before exploring the opportunities of adjacent markets, such as the student accommodation and living together, he would initially focus on providing loans to developers and investors in the construction field.
The veteran joined the head of the real estate financing and private banking business from Bank of London and the Middle East. Tomson also worked at Bank of Scotland, Bank of Scotland, and Security Trust Bank.
Adam Bovingdon, the person in charge of the development of the property bank property, said: “Andy’s appointment is a very successful year for real estate development in United Trust Bank.
“This is the first time in the history of banking. We provide more than 1 billion pounds of funds for the various residential and comprehensive use plans of England and Wales. By the end of 2024, our loan helps our builders and developers and developers Created about 4,500 new homes.
“Construction of rental, a wider range of British life provides a good opportunity for banks and Andy’s experience and contact, which will help us develop UTB claims and activities in this increasingly important and exciting market. “
Thomson added: “The British life field is an attractive real estate asset category for domestic and international capital to seek high -quality investment and development opportunities.
“In 2024, it invested more than 5 billion pounds to the British construction field, and the British government’s goal of achieving 1.5 million houses in the next five years is an important catalyst for further growth.
“The construction of apartments in many households in London and major cities is the original focus of the market. What is exciting is that seeing this scope has continued to expand to other small British towns, and more and more pays more attention to a single concern to the establishment of family establishment Development project.
“UTB is eager to consider all types of schemes proposed by experienced operators.”
