Hospitality
OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]
Hospitality
SGS Group completes refinancing of four major shopping centres following £445m club loan from OakNorth
The four shopping centres are: Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham, and Braehead in Glasgow; With a catchment population totalling 9.4m the sites are four of the leading shopping centres nationally; Average occupancy rates for the sites have increased to 93%, with tenants consisting of international and national retail brands, including […]
Hospitality
Veld Capital and Maya Capital complete £45.7m loan from OakNorth to fund the development of a new hotel in central London
The new development will consist of a 222-bedroom, upper-midscale hotel; The hotel will be operated by Motel One, a Munich-based affordable lifestyle company which operates over 90 hotels across 14 countries in Europe and the US; Located in SE1, the new hotel will be a short walk from key tourist attractions such as Tate Modern, […]
Hospitality
OakNorth completes £232m club loan to family-run business, Splendid Hospitality Group, to support future capex works
Splendid Hospitality Group is one of the UK’s fastest growing privately owned hotel groups; Founded over 30 years ago, the Group has designed, built, and operates a portfolio of 24 properties, from independent hotels to major brands including IHG, Marriott, Accor, and Hilton; The club loan will support future capex works, including the extension of […]
Hospitality
OakNorth completes first pan-European deal with £22m loan to Sticks n Sushi to support its growth
Founded in 1994, Sticks n Sushi is a restaurant group specialising in sushi and yakitori, with 27 restaurants across Denmark, the UK, and Germany; The group has recently been acquired by McWin Capital Partners, which focusses on the food service and food technology sectors; With OakNorth’s and McWin’s support, the restaurant group will continue to […]
Hospitality
Private equity-backed, creative cocktail bar and restaurant group, The Alchemist, to open new sites following £15m loan from OakNorth
Founded in 2010, The Alchemist operates 23 sites across the UK and opened its first international site in Berlin last year; The group is backed by private equity firm, Palatine, which focusses on investing in mid-market businesses through its Buyout and Impact Funds; The business hopes to open 10 new sites over the next three […]