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In the last reported financial year, the group opened 22 showrooms, refurbished 15 and acquired 15 through jewellers Ernest Jones.

"And on the rental side we need more people willing to rent their properties, or willing to buy properties, refurbish them and put them on the rental market."

It will also be used to provide better homes for military families by refurbishing the defence estate.

Caltrans contracted with the Housing Authority of the city of Los Angeles to allow a dozen Reclaimers and those in similar situations to live and pay rent for two years in refurbished properties.

The hoped-for temporary location is a notable refurbished structure, according to the Los Angeles Conservancy.