The Octopus Group acquired Dragonfly Property Finance in October 2013, but the specialist lender had continued to operate under its own brand until today.
Mark Posniak (pictured), 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.”
He added: “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.”
Octopus Property is the newest division of the Octopus Group and the rebrand reflects Octopus’ growing investment activity in the property sector. It joins Octopus Investments, Octopus Healthcare, Octopus Ventures, Octopus Energy and Octopus Labs as part of Octopus’ rapidly growing business, which currently has over £6bn of funds under management.
Mario Berti, head of Octopus Property, cited Octopus Choice, the group’s new peer-to-peer lending platform, as an example of its ambitions to grow the business and continue to bring new products to market.
Berti said: “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.”