Short and medium term lender, Dragonfly Property Finance, has rebranded to Octopus Property.
Octopus Property is the newest division of the Octopus Group, and the rebrand reflects Octopus’ growing investment activity in the property sector.
The group has over £6bn of funds under management across the property division as well as Octopus Investments, Octopus Healthcare, Octopus Ventures, Octopus Energy and Octopus Labs.
Since launch, Octopus Property has completed more than £2.2bn of loans with a capital loss of under 0.01%.
Mark Posniak, managing director of Octopus Property, said: “Octopus has always been instrumental in Dragonfly’s success, having provided our first funding line back in 2009. Since we were acquired outright, it was only a matter of time before we rebranded to Octopus, which is an established, respected and energetic brand within financial services.
“As Octopus Property, we’re entering the busy autumn period with a spring in our step and will strive to provide brokers and their clients with the exact same service levels and certainty of lending that we delivered as Dragonfly. This is an exciting time for everyone here and we look forward to helping Octopus Property become a leading brand within the UK property sector.”
Mario Berti, head of Octopus Property, added: “The launch of Octopus Property marks our commitment to the UK property market and the beginning of an exciting new chapter in the development of the Octopus Group. Building on the strong foundations we have put in place with Dragonfly, we will grow our share of the short and medium term finance market and continue to identify exciting opportunities in UK property where we believe we can really make a difference to our customers while delivering attractive returns to our investors.”
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