A family-owned investment business is on track for rapid growth after securing a seven-figure finance facility.
Banwait Group Holdings is a property investor and asset manager with a portfolio spanning the commercial, residential and healthcare sectors across the UK. It is the parent company of Real Estate Investments Group (REIG), which manages its investments, and Strong Life Care, an award-winning care home and assisted living provider.
Banwait Group has experienced double-digit year-on-year growth every year for the last ten years, and has grown from a core team of three to more than 260 today. Now, the firm is set to move to a new office in Wakefield to enable further expansion.
A seven-figure finance facility from Lloyds Bank has allowed Banwait Group to purchase the 5,500 sq ft space outright, and begin a fit-out designed with employee health and wellbeing at its heart. Facilities will include breakout spaces and mindfulness areas, as well as showers and changing rooms to enable active travel.
The Group is targeting ambitious growth, with a goal of exceeding £100 million in managed assets within the next two years and expanding its care facilities to over 1,000 beds.
Harpreet Banwait, managing director at Banwait Group Holdings, said: “I am incredibly proud of the growth we have achieved over the last decade. Our motto is ‘everyone has a life worth celebrating’ – and that underpins everything we do. It’s all about delivering the best results for our staff, tenants and care home residents, and with our new office we are ideally placed to achieve our ambitious growth plans, welcome even more talented staff, and boost the quality of our offering even further.”
Banwait Group has a long history of charitable support and regularly works with local organisations, including hospices, homeless charities and football teams, to provide donations and volunteering services. Most recently, it has also taken its support international, focusing on organisations providing aid to people on the ground in Ukraine.
Stuart Harper, relationship director at Lloyds Bank, said: “Behind both Real Estate Investments Group and Strong Life Care is a team of dedicated staff helping to deliver outstanding services. Over the past decade, Strong Life Care has built a reputation as one of the best care home providers in the country, and through REIG there is a steady source of income that can be reinvested in the business to help keep making it bigger and better.
“We look forward to continuing our support for Harpreet and the team as they continue on their growth journey.”