Aberdeen property company Andrew’s Homes has secured a refinancing deal in excess of £20m to support its growing Scottish portfolio.

The five-year facility from Swedish lender Handelsbanken will anchor the company’s strategy of leasing prime Aberdeen-based properties, and offer additional security to seek out new investment and development opportunities; both in Aberdeen and other Scottish cities.

The family run company, owned and managed by Jonathan Harper, operates in both the residential and commercial property markets with a portfolio that currently boasts high-end properties in Aberdeen, Dundee and Inverness.

Mr Harper said: “Securing this substantial refinancing deal with Handelsbanken is a significant achievement which creates a solid foundation for us to make key decisions and consider future potential opportunities.

“This is a new relationship with Handelsbanken and business is all about partnerships and that is what my father believed in too. Securing this funding gives us the opportunity to consider expanding our portfolio further across Scotland, as well as in Aberdeen, and we are currently looking at a couple of major property deals in the Aberdeen area.”

The partnership is one of Handelsbanken’s largest deals in Aberdeen to date.

Neil Clark, Aberdeen branch manager, Handelsbanken, said: “Andrew’s Homes is a well-respected, family run business which has been around for a long time and has a very strong property portfolio in the city and further afield.

“The company’s track record in the property market and core values as a business is an excellent fit for Handelsbanken and this will be a long term relationship working in partnership to support Andrew’s Homes with their company vision.”

Its portfolio currently includes 19 residential and nine commercial properties, with the latter focused upon quality Grade A sites with established tenants.

In Aberdeen’s west end, this includes the corporate offices of Lloyds and Royal Bank of Scotland, both in Albyn Place.