Healthcare
OakNorth Bank completes £26.3m loan to leading real estate fund manager, Frogmore, for development of new dementia care home in Westminster
OakNorth Bank has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers, to develop a 35-bedroom specialist dementia care home; The development, which secured planning permission In July, is only a short walk from Bayswater underground station and Hyde Park; Frogmore’s first care home project, Chelsea Court Place, is at […]
Healthcare
OakNorth Bank provides £2.3m loan to Moorlands Healthcare Limited for the acquisition of a specialist care home in Staffordshire
The finance will be used to acquire Harewood Park Care Home in Cheadle, Staffordshire and add three more rooms, bringing the total to 37; This will be the first acquisition for Moorlands Healthcare Limited, part of the My Choice Healthcare Group, which is aiming to acquire more care homes in the Counties adjoining Staffordshire and […]
Healthcare
OakNorth Bank lends £9.4m to Care Concern Group, a leading dementia care home that operates over 80 sites, to acquire a care home in Birmingham
The finance will be used to acquire the Willowbrook Care Home on Aldridge Road in Birmingham; There is a shortfall of 240 beds within a five mile-radius of the Willowbrook Care Home, none of which provide a similar service. As a result, it experiences 99% occupancy rates; OakNorth Bank has completed several deals with care […]
Healthcare
OakNorth Bank completes £20m transaction with LV Care Group – the leading care home provider in Jersey
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 […]
Healthcare
OakNorth Bank lends £19.5m to Care Concern Group to support the sale and leaseback to Alpha Real Capital operating care homes
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 […]
Healthcare
OakNorth Bank completes £60m facility to Affordable Housing & Healthcare Group for the development of three new retirement schemes
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, […]