Healthcare

Healthcare

OakNorth Bank completes £20m transaction with LV Care Group – the leading care home provider in Jersey

Tuesday January 7th, 2020

LV Care Group is a locally owned, locally run and locally focused care group providing premium services in Jersey; The group will use the bespoke £20m debt finance package from OakNorth Bank to acquire two new sites in Jersey and in the Isle of Man, as well as refinance three existing care homes; As ambassadors […]

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Healthcare

OakNorth Bank lends £19.5m to Care Concern Group to support the sale and leaseback to Alpha Real Capital operating care homes

Thursday July 11th, 2019

The Care Concern Group consists of 44 care homes with 2,472 registered beds predominantly located in Scotland and a further 13 in development; Care Concern Group’s CEO, Manpreet Johal has 12 years multi-site management experience and led the expansion of Care Concern from four sites to where it is today through organic growth; Annual spending […]

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Healthcare

OakNorth Bank completes £60m facility to Affordable Housing & Healthcare Group for the development of three new retirement schemes

Monday June 24th, 2019

AHH is renowned for providing innovative solutions for healthy, affordable retirement living through its unique offering of beautiful age-friendly communities, bespoke healthcare and lifestyle services, and innovative home ownership options; Demand for retirement housing outweighs supply: over 11,000 new extra care units need to be built each year by 2026 to keep up with demand, […]

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Healthcare

OakNorth Bank completes £12m loan to leading real estate fund manager Frogmore for creation of new dementia care home in Bayswater

Thursday April 4th, 2019

OakNorth has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers; The finance will be used to acquire a four-storey serviced apartment block and submit planning permission to convert it into a 35-bedroom care home focusing on providing accommodation for those suffering from Dementia; The area, typified by large Georgian […]

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Healthcare

OakNorth Bank completes £2.4m loan to Sire Properties to acquire a long-standing care home in Hampshire

Tuesday March 12th, 2019

The finance will be used to acquire Old Raven House, a grade II listed detached care home registered with the Care Quality Commission; The site consists of 29 bedrooms but has planning permission to add a further nine bedrooms to take total capacity to 45 residents; The care home has been 100 percent occupied for […]

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