Financial close was reached for the Salford Pendleton Social Housing project on September 12, 2013.

The project involves the refurbishment of 1270 dwellings in Salford, Manchester, and is part of a wider scheme to regenerate the 200 hectare area of the city, involving the further construction of 1,600 new homes.

The successful bidder was the SP+ consortium, which was led by Together Housing Group member, Chevin Housing Association Ltd.
The funder was FHW Capital.

Operis provided model auditing services for the sponsors and funders.

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Further information on Operis:

Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.

Contact:
Paul Myers – Managing Director
+44 (0)20 7562 0400

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Erwan Fournis
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