Real Estate
OakNorth provides £50m of new funding to leading entrepreneurial private equity real estate investor, Paloma Capital
Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; Paloma has raised over £520m of wholly discretionary capital in three value-add funds since its launch; The £50m of new funding from OakNorth, split across two separate transactions, will be deployed within the firm’s Paloma […]
Real Estate
OakNorth completes £1.4m loan to support the acquisition and redevelopment of a vacant residential and office building in Fitzrovia
The borrowing entity, 52 Tottenham St, Fitzrovia Ltd, is owned and led by Parag Sawheny, Founder and Managing Partner of Penn South Capital, and Yoni Karako, Founder and Principal of Courtier Capital and Co-founder and former CEO of Vonder; The £1.4m loan from OakNorth will be used to acquire and redevelop a four-storey site into […]
Real Estate
Self-storage provider, STOREX, to expand portfolio across Greater London, following £30.2m loan from OakNorth
Created by global investment manager, EQT Exeter, STOREX provides premium sustainable self-storage sites across Greater London; The £30.2m loan from OakNorth will be used to develop and operate two new self-storage sites in Sunbury, Surrey and Cricklewood, London Borough of Brent; Demand for self-storage units is rising with operator revenues rising 6.5% to £990m, as […]
Real Estate
OakNorth backs new joint venture between Dukesmead Property Group, Kyte Property and Grosvenor Hill, with £2.25m loan to fund maiden supported living scheme
Founded in 2019, Dukesmead Property Group specialises in acquiring sites to develop state-of-the-art care homes, senior living and assisted living units; Kyte Property is a London based property development company that specialises in creating unique boutique living spaces; Managed by Abel Leaman and Dion Michael, Grosvenor Hill is a real estate investment and development group […]
Real Estate
OakNorth completes £6m loan to fund the development of 19 industrial logistics units and a wellness centre in West Sussex
The borrower, Gatehouse Hub Ltd, is a subsidiary of Bedford Park Developments; Incorporated in 2006, Bedford Park Developments is an experienced developer having successfully delivered numerous residential and commercial schemes; The site, located on the outskirts of Burgess Hill, has direct links with the A273 dual carriageway link road and A23, providing swift access to […]