This revolving credit facility replaces the previous £20m facility secured from the bank in 2023, allowing Urban Splash to continue building its portfolio of UK rental homes.

Gorvins advised the Urban Splash Residential Fund, while Barclays was represented by Osborne Clarke and JLL.

•   The Finance Professional Show 2024: The Video
•   Urban Splash portfolio value surges 25%
•   Urban Splash appoints three agents to Sheffield property

“We are delighted to continue our recent growth, building on our successful relationship with Barclays and securing an increased revolving credit facility as we expand the portfolio through new and existing partnerships with best-in-class developers,” said Akeel Malik, fund manager of the Urban Splash Residential Fund.

“The continued support of such a prominent financial institution enables us to further invest in the delivery of much-needed sustainable housing and regeneration across UK regions.”

Jason Constable, head of real estate at Barclays Corporate Banking, added: “We are delighted to expand our support for [Urban Splash] as the business continues to grow its portfolio of design-led homes across the UK.

“This is yet another example of our strong commitment to the UK housing sector.”