Dashwood Brewer & Phipps has bought a 10,000 sq ft building in Mark Lane, in the heart of London’s insurance district, using a multi-million pound loan backed by the Government’s funding for lending scheme.
The independent international insurance and reinsurance broker had outgrown its existing premises in Cutler Street and was being forced to rent extra space nearby when Dashwood’s Managing Director Maryse Hazell and Finance Director Gopi Nathan approached NatWest for a commercial mortgage.
The company intends to move its 44 employees into the new building in March 2014 and plans to use the increased space to expand its business.
Nathan said the expert knowledge of Paul Monaghan, Senior Relationship Manager, Financial Services at NatWest, was crucial in helping the company secure an appropriate property and obtain the loan.
“Once we move into the new offices we will be looking at expansion and future growth for our workforce,” he said
Monaghan said: “Once a company outgrows its premises it’s important to find a new location as quickly as possible, so I was pleased I could help make the process simple and cost-effective.”