Hospitality
OakNorth Bank completes £40M loan to Zetland Capital to acquire and expand pub portfolio operated by Portobello Starboard
The portfolio is made up of 17 high quality freehold pubs located across London villages / suburbs and the South coast and operated by Portobello Starboard; With the loan from OakNorth Bank, Zetland Capital will grow this pub portfolio through acquisitions across London and the south of England; Pubs were some of the worst-hit businesses […]
Hospitality
Mumbles Group to develop more than 20 new forecourts across the UK following £20M loan from OakNorth Bank
Mumbles Group has an excellent track record in the sector, having completed eight successful forecourt projects since 2014; The capital from OakNorth Bank will support Mumbles’ ambitious growth plans to acquire and develop more than 20 forecourts; Forecourts continue to play a vital role in local economies, providing over 88,000 jobs across the UK, with […]
Hospitality
Product diversification at Ottolenghi leads to higher earnings margin and repayment of almost half of its CBILS loan from OakNorth Bank
In July 2020, OakNorth Bank provided a £3.7M CBILS loan to Ottolenghi to help cover working capital throughout the pandemic; In the months following the first UK lockdown, the company expanded its online shop with dinner boxes, prepare at home meal kits, and a tableware licensing deal; In May 2021, Ottolenghi moved its production unit […]
Hospitality
OakNorth Bank completes £20.5M loan to Axis Retail Partners to support its maiden shopping centre acquisition
Formed in 2018 following a partnership between Generali Investment Holding and entrepreneurs, Florencio Beccar and Toby Smith, Axis Retail Partners is a leading advisory boutique specialising in European retail investments; With c.€525M of assets under management (AUM), the firm has a strong track record of managing retail assets across several geographies, risk spectrums and property […]
Hospitality
Alchemy-backed Inn Collection Group surpasses its 2022 portfolio target and secures £42M from OakNorth Bank to support future growth
In 2019, OakNorth Bank provided The Inn Collection Group with a funding package to support the doubling of its portfolio to 21 sites by 2022; Thanks to COVID, the Group has managed to exceed this target, acquiring quality sites at competitive entry prices, and now has 26 inns across Northumberland, County Durham, the Lake District, […]
Hospitality
OakNorth Bank completes £34.3m loan to restore London’s historic 15 Old Bailey
The loan is to a joint venture formed by entrepreneur Alex Shamash and Boscalt Hospitality (a member of Edmond de Rothschild Private Equity partnerships); The finance will support the conversion of 15 Old Bailey from an office building into a new luxury hotel, along with two restaurants and a bar; The Victorian property was built […]