Marpaul continues to build on property success in Kent


Marpaul continues to build on property success in Kent

Kent-based Property Developer, Marpaul Group, is gearing up for expansion as they secure £1.1m from NatWest to develop residential flats in Dover.

15 February 2011

The Marpaul Group of Companies was established some 40 years ago and has developed from a mechanical services company to a totally integrated building development and contracting organisation. Today, the company is run by Rod Clark who manages the business from their head quarters in Hadlow Village.

This latest project involves buying a fire damaged property on Park Avenue in Dover to develop the site into 11 apartments. The project has started to take shape and is looking to complete summer 2011. The apartments are excellently located, will be finished to Marpaul's usual high standards and should appeal to many prospective purchasers.

This is the second development project to receive funding from NatWest in the last 18 months. Marpaul completed work in September 2009 with a mixture of both new build and conversion of existing farm buildings at Grove Farm in Hadlow. Marpaul turned the buildings into quality student accommodation, providing 55 en-suite rooms for Hadlow College located just three miles away. Mike Flannery, Relationship Director at NatWest's Real Estate Finance team was responsible for helping these projects come to fruition by working closely with Rod to secure the correct finance facilities in place.

Rod Clark, Managing Director, Marpaul Group, said:

"Marpaul is a diverse business and one we are proud to say is doing extremely well in these challenging times. The site at Dover was an eye soar for the local residents and delighted we are in the process of turning this into an attractive residential development. Some of the flats will boast views of the castle and will be finished to our usual high standard. We are grateful to Mike at NatWest for once again supporting our business and believing in our strategy."

Mike Flannery, Relationship Director at NatWest's Real Estate Finance team said:

"Marpaul is a long-standing customer of the bank and delighted to be able to structure the appropriate funding for the Dover development to commence. Rod has a proven track record in this field - indeed over the last ten years, Marpaul has completed many prestigious projects within London and the Home Counties working with a variety of customers in the education and healthcare sector. I wish him well with the Dover development and I look forward to seeing the end result."

For further information please contact

Zoe Martin
Regional Communications Manager, RBS/NatWest
+ 44 (0) 7899 062 129 
zoe.martin@rbs.co.uk

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