Real Estate
OakNorth provides £50m Revolving Credit Facility (RCF) to sustainable office and commercial property specialist, CLS Holdings, to drive future growth
Founded by the Mörtstedt family in 1992, CLS Holdings specialises in transforming office and commercial properties across the UK, Germany and France; With a property portfolio totalling £1.7bn, CLS currently has over 650 occupiers spread across its 80 sites, including blue-chip organisations and government departments; The £50m loan from OakNorth will be used to refinance […]
Real Estate
OakNorth completes $25.5m loan to support the development of a Class A 11-story, multifamily-led site in Brooklyn, NY
The $25.5m loan from OakNorth will support the ground-up development of a Class A 11-storey, multifamily scheme in Brooklyn, NY; Offering 87-units and 4.5k sq. ft of ground floor retail space, the site is located in the popular East New York submarket and benefits from strong transit connectivity; The development will include a mix of […]
Real Estate
OakNorth provides £7.5m loan to support the expansion of Royal Elizabeth Yard for purpose-built whisky maturation facilities near South Queensferry
Formerly a World War II naval storage depot, the 50-acre Royal Elizabeth Yard has consent to become Scotland’s largest independent bonded warehousing facility; Located less than seven miles from Edinburgh city centre, the site’s capacity exists to mature more than 1.1m casks in a fully managed facility operating at net zero emissions; The £7.5m loan […]
Real Estate
Oak Funding originates $78 million co-loan with OakNorth to support Bushburg’s acquisition and conversion of 100 William Street
Bushburg is a vertically integrated real estate investment, development and management firm investing in transformative and opportunistic projects; With approximately $4.0 billion of assets under management (AUM), the firm focuses on unlocking long-term value by transforming underutilised assets and repositioning them for their highest and best use in today’s market; The $78m co-loan was used […]
Real Estate
Good REIT Ltd to develop major new purpose-built bus depot at Scarborough Business Park, following £4.1m loan from OakNorth
Founded in 2015 and headquartered in Matlock, Derbyshire, Good REIT Ltd is a privately owned property developer and investor; The £4.1m loan from OakNorth will support the development of a new 139k sq. ft bus depot at the 85-acre Scarborough Business Park; Comprising of 80 parking bays, an ancillary workshop and large office space, the […]
Real Estate
OakNorth completes £8.3m loan to Aberdeen-based, property developer, Ardent Group, to support the development of new luxury holiday accommodation in Fife
Founded in 2001, Ardent Group is an Aberdeen-based property developer, specialising in the development of commercial and residential assets across Scotland and Ireland; The £8.3m loan from OakNorth will support the development of 21 new luxury holiday lodges on the outskirts of St Andrews, Fife; Located less than two miles from St Andrews, the site […]