Principality Commercial announce a £50m loan for Welsh social housing provider Pobl Group

Across these developments, Pobl’s mixed tenure approach will allow for a range of ownership options, including affordable rented, outright sales and shared ownership, helping more people into the home they desire in great places where people want to live.  

Julie-Ann Haines, Principality Building Society’s Chief executive officer, said: 

“We’re delighted to be able to support the creation of new homes in Wales with this £50m loan. Helping more individuals to get a place to call home is a key focus for our business, and we’re looking forward to working with Pobl, who share our vision of creating high quality homes where people can flourish, whilst keeping a focus on sustainable materials and energy to protect the environment.”

Amanda Davies, Pobl Group’s Chief executive officer, added: 

“Demand for quality, affordable homes in Wales is high and will only continue to grow, so we are extremely grateful for the support we are receiving from Principality, which will help Pobl towards our ambition of creating 10,000 new homes this decade. We are making an energy efficient home and a great place to live the new normal, building and investing in beautiful places where people and communities thrive and are proud to call home.”