Candy sells lender Fortwell

Christian Candy’s CPC Group has sold its property lending business, Fortwell Capital, to the company’s management. [caption id="attachment_915855" align="alignleft" width="150"]Dan Smith Dan Smith[/caption]

Executive director Dan Smith and head of real estate finance Arthur Jennings have acquired the business, which has lent £1.2bn since it was established in 2011.

Following the sale of Fortwell, CPC’s primary focus will be its joint venture equity platform Orlandis Capital, which invests alongside the likes of Barratt and Inland Homes.

Candy said: “Fortwell has been incredibly successful and established a strong platform and