"Since the turn of the year, the Principality Commercial team has progressed work on a diverse range of projects"
Principality Building Society has announced that it has expanded its commercial business with a significant appointment.
Stephen Ryan, 47, joins as Relationship Manager, following huge experience of similar roles at other financial institutions. Originally from Glasgow, Mr Ryan has lived in Cardiff for 14 years working for Allied Irish Bank, Santander and Handelsbanken in Bristol.
In his new role, Mr Ryan will be working with a range of property developers, with his focus on investing in residential schemes which will help thousands of people into new homes across Wales.
Principality Commercial provides funding for the acquisition and re-financing of investment properties such as offices, industrial, retail and residential. They also fund residential developments and commercial developments, and are a committed player in the affordable housing sector.
The division is an important part of the Society’s business model providing a diversity of earnings but also the projects it funds are consistent with its ethos of investing in its own communities and supporting the Welsh housing agenda.
Since the turn of the year, the Principality Commercial team has progressed work on a diverse range of projects including a luxury residential home in Pontcanna, 95-bed student accommodation in Cardiff, a development of industrial units in Chepstow, contemporary sea-view townhouses in Saundersfoot and multiple residential developments in England and Wales including an eco-village development in St Fagans.
Peter Hughes, Managing Director at Principality Commercial, said: “Stephen joins our team at a pivotal time when there are plenty of exciting projects being worked on. His experience and reputation in the local market will prove invaluable. Stephen’s skills and values very much align with the relationship approach around which this business has been built over the last 15 years. He represents a great addition to our team.”
Stephen Ryan, Relationship Manager at Principality Commercial, said: “Over my decade and a half in Wales, I’ve built up a wealth of contacts in the industry and I’m really excited to work with partners old and new to help individuals and organisations into new homes. Principality’s culture is one of collaboration and long term relationships, an approach which really chimes with my approach to business and life.”