Audley Group secures new £125m credit facility to support further growth

Retirement villages group Audley has completed the refinancing of its debt facilities with a five-year term loan of £125m, jointly funded by HSBC and Bank Leumi.

The facility will be used to fund all existing developments in the group across both luxury brand Audley Villages and new mid-market provider Mayfield Villages, as well as new locations, covering the cost of land acquisition and development.

The new borrowing follows an additional £85m of equity raised in June 2017 by the Moorfield Audley Real Estate Fund (MAREF), taking the total equity raised to £285m. Moorfield Group, the UK real