Short- and medium-term lender, Dragonfly Property Finance, part of the Octopus Group, today announced it will rebrand to become part of Octopus Property in the New Year. The exact date has yet to be confirmed but Octopus Property is expected to launch in the first half of 2016 and reflects Octopus’ growing investment activity in the property sector.
The Octopus group is a fast growing UK investment business with over £5.5 billion funds under management and leading positions in several specialist sectors. Octopus Property will join Octopus Investments, Octopus Healthcare, Octopus Ventures as part of Octopus’ rapidly expanding business.
Established in 2009, Dragonfly is an award-winning business that continues to go from strength to strength. To date, Dragonfly has completed on more than £1.6 billion of loans and recently announced redemptions had passed £1 billion.
Mark Posniak, Managing Director of Dragonfly Property Finance, commented:
“Octopus has been instrumental to Dragonfly’s success ever since it provided the business with its first funding line back in 2009. We have always been part of Octopus and the rebrand cements this relationship with the broader Octopus group. We firmly believe that the strength of the Octopus brand will put us in an even stronger market position helping us to accelerate our growth in the years ahead. We have big plans for the future and while the Dragonfly brand is strong, we feel we will be able to achieve them much sooner by being part of Octopus Property.”
Simon Rogerson, CEO of Octopus, added:
“Dragonfly is a first class business supported by a talented team and it continues to make a significant contribution to the UK property market. Building on Dragonfly’s strong track record, Octopus is now an active investor in the wider property market and the launch of the Octopus Property business in 2016 marks our commitment to the sector over the coming years. Octopus has grown rapidly in the last year expanding its investment platforms as we continue to identify those markets where we believe we can really make a difference to our customers while delivering returns to our investors. Property remains a key area of opportunity and we looking forward to taking a leading role in the sector.”
For journalists in their professional capacity only. Personal opinions may change and should not be seen as advice or a recommendation. We do not offer investment or tax advice. Issued by Octopus Property. Octopus Property is the trading name of Bridgeco Ltd (Reg No 6629989), Fern Trading Ltd (Reg No 6447318), Nino Ltd (Reg No 9015082), Octopus Property Lending Ltd (Reg No 7531926) and Octopus Co-Lend Ltd (Reg No 8913299), Registered Office: 33 Holborn, London EC1N 2HT, registered in England and Wales and Dragonfly Finance S.ar.l. (Reg No B189290) Registered Office: Parc d’Activité Syrdall, 6 Rue Gabriel Lippmann, L-5365, Munsbach, Luxembourg registered in Luxembourg. Octopus Property Lending Ltd and Octopus Co-Lend Ltd are authorised and regulated by the Financial Conduct Authority. Issued November 2015.