Marshall Group secures £29m-plus funding deal

Construction business Marshall Group has secured funding from Royal Bank of Scotland to help with its development of a hotel in Edinburgh

De Vere hotels

A construction company based in Elland has secured a £29m-plus funding deal from Royal Bank of Scotland.

As part of the funding arrangement, Marshall Group has acquired £12.37m to help with its development of the De Vere Hotel at Edinburgh, creating employment opportunities in the construction and leisure trade.

The funding facilities, which include a £17.5m refinancing package, will also be used to support Marshall’s other retail, office, industrial and leisure development schemes up and down the country.

Marshall was founded in 1901 when Christopher Hemmingway Marshall set up a thriving building company in Elland.

More than 100-years later, the firm is one of the most successful family-owned companies in northern England.

Marshall, which is based at Huddersfield Road, has been banking with RBS for more than 50 years.

Stuart Heslop, regional managing director RBS Real Estate Finance North and Scotland, said: “We have been working with Marshall for more than five decades and have developed a unique understanding of their business goals and ambitions.

“They have a clear focus on supporting the communities they operate in.

“ We were delighted to support both the re-financing package and financing for the hotel development and we wish them all the best for the future.”

Traditionally, the company has specialised in the commercial sectors with particular emphasis on retail leisure offices and industrial.

The group includes development arm Commercial Development Projects Ltd, which was formed in 1968 and specialises in acquiring sites for speculative development of retail, office, industrial and leisure schemes.

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