Hospitality
OakNorth Bank provides £6.7m facility to bar and restaurant business, Inception Group, to open new sites
Founded in 2009, Inception Group operates a collection of unique bars, restaurants, and clubs in Central London; The group currently operates 13 sites under the brands of Mr Fogg’s, Bunga Bunga, Cahoots, Barts, Maggie’s and Control Room B; OakNorth initially provided refinance and expansion facilities in January 2018, and further supported the group during the pandemic; Since the pandemic, Inception Group has opened […]
Hospitality
OakNorth Bank and The Mezz Lender co-lend £15m to The Consolidated Group to support the refinance Soho’s famous 100 Wardour Street
Founded in 1984 by Laurence Kirschel, The Consolidated Group specialises in redeveloping real estate throughout central London’s Soho and Covent Garden areas; The Group’s current portfolio totals c.£2.0b; The loan facility, introduced by Avier Capital Limited, was arranged and co-funded by The Mezz Lender and OakNorth Bank and will refinance the mixed-use site located at […]
Hospitality
OakNorth has supported TriSpan’s investment in leading Indian casual dining group, Mowgli Street Food
Launched in 2014 in Liverpool by chef, CEO, and food writer, Nisha Katona MBE, Mowgli Street Food specialises in dishes that Indians would eat at home and on their streets; In July 2017, the business secured investment from Foresight Group, the sustainability-led alternative assets and SME investment manager; The business currently has 15 sites in […]
Hospitality
OakNorth completes loan to Wirefox Real Estate Group to support the acquisition of the Ardgowan Hotel in St. Andrews, Scotland
The Ardgowan Hotel is a 3-star hotel located in the heart of St Andrews, within walking distance of the University of St Andrews and the world-famous Old Course; The capital from OakNorth Bank was used to assist with the acquisition of the hotel by Wirefox, a real estate investment and development company, with a growing […]
Hospitality
OakNorth Bank completes £9.8m loan to Eccleston Square Hotel, a luxury boutique hotel in London
Previously known as Elizabeth Hotel, the five-storey, grade-II listed site was converted from a B&B in 2010 and is managed by Olivia Byrne; Eccleston Square is a luxury boutique hotel combining forward-thinking intuitive technology with sophisticated interiors; The hotel borders Belgravia and Pimlico, and is within walking distance of Victoria Station, Sloane Square, and Chelsea; […]
Hospitality
OakNorth Bank lends £15M to leading hotel family business, JMK Group, for freehold buyout of two London hotels and upgrades to an existing hotel
JMK group is a family-run, privately owned hospitality group founded in 2009, which started as a small boutique hotel in Kensington; Since then, the Group’s portfolio has grown into a portfolio of hotels, properties, and coffee houses across London and Ireland; The capital from OakNorth Bank will fund the freehold buyout of two hotels and […]