AWG Developments launches property finance initiative

AWG Developments is set to launch its latest £50 million property finance initiative to the commercial property industry in Northern Ireland.

Launched this week, the innovative finance deal called MDPF is a 'one-stop-shop' offering a complete development package, from planning to finance, to all types of independent developers.

MDPF offers 100 per cent non-recourse financial backing to a variety of companies, including small independent developers, builders, financial organisations and private companies. This new initiative provides the opportunity to make commercial property development ideas happen without incurring any financial risk.

Through the formation of a joint venture agreement, MDPF will provide back-up in the form of support and guidance in planning, site purchase, design, construction, end user sourcing and finance.

Brenda Fraser, Director of Commercial Property in Ireland at AWG Developments said: "We believe MDPF offers an alternative yet quality driven approach to any small or new commercial property players wishing to see their ideas become reality. They will be able to take advantage of the finest development expertise in the country, either by consultation or a direct, hands-on approach and be secure in the knowledge that the financial risk will be borne by AWG Developments.

"We have developed a solid reputation for sound joint venture partnerships allowing us to understand and respect the needs of our partners and provide added value to their projects. We also believe our vision, experience and financial strength offers an unparalleled opportunity in Northern Ireland. The commercial property market remains buoyant particularly and we anticipate a great deal of interest in MDPF."

AWG Developments, formerly known as Morrison Developments, is currently involved in MDPF projects in the rest of the UK.

(MB)