On June 23, 2016, the Ty Glas Extra Care Housing Project reached financial close. The project involves the funding of three new extra care housing developments in North Wales, along with the continued maintenance of a number of existing sites.

Established in 2000, Ty Glas is one of the subsidiaries of the Pennaf Housing Group, a Welsh housing association which acts as an umbrella organisation. The company was able to negotiate a £25.5 million facility with Standard Life Investments to finance the extra care housing schemes.

The project will provide additional extra care housing in Flintshire, Wrexham and Anglesey, as well as supporting existing housing in Llandudno.

In support of the project, Operis was pleased to complete an audit of the financial model, which included a review of the model’s accounting treatments.

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Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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