Close Brothers Property Finance has appointed Shon Pallickaleth as business development director, bolstering its regional footprint in the Midlands, South West and Wales.
His focus will be offering tailored financing solutions for privately owned developers and housebuilders across the three regions and supporting delivery of residential, build to rent, and purpose built student accommodation.
Pallickaleth joins from Lloyds Banking Group, where he has worked for around 15 years, most recently as director for commercial real estate, corporate and institutional banking.
He is also an independent member of the Homes and Treasury Committee for Brighter Places Housing Association.
Phil Hooper, Close Brothers Property Finance’s CEO, said: “Shon’s appointment marks an important step in expanding our regional expertise and strengthening our presence across the Midlands, South West and Wales. As the business continues to grow, enhancing our coverage in key regional markets is a strategic priority for us.
“Shon brings a wealth of local market knowledge, strong client relationships and extensive real estate finance experience. He will play a vital role in supporting our customers and growing our portfolio in the region, particularly at a time of increased demand for flexible funding underpinned by local expertise.”
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Pallickaleth added: “I’m delighted to be joining Close Brothers Property Finance at a time of continued regional growth for the business. Close Brothers has a long-standing reputation for building trusted, long-term relationships with customers, and I’m looking forward to working closely with developers to provide tailored funding solutions that support the delivery of new schemes across the region.”
At the end of last year, Close Brothers Property Finance obtained funding of £350m from the British Business Bank to support SME developers across the UK to build residential homes.
