Wednesday, 6 August 2014

Quick Move Properties secures £13m Santander package


Residential part exchange company Quick Move Properties (QMP) is poised for expansion after securing a £13m finance package from Santander Corporate & Commercial.

The Royal Wootton Bassett-based business was formed in 1998 and has since purchased more than 5,000 properties with a total value of £725m.

The funding package comprises an extension of the company's existing facilities and additional working capital from Santander.

Steve Abbley, chairman at QMP, said: "Part exchange continues to increase in popularity in our two key markets – new homes and park homes.

"Both sectors are surging ahead in the planning and building of new developments and we need to be able to assist their resulting unit sales with our part exchange service. We are delighted to be working with Santander in order to provide this support to the industry."
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