Real Estate
OakNorth Bank extends loan facilities to Staycity Group to support its growth as it looks to expand to 18,000 apartments by 2028
Founded in 2004, Staycity is an Irish-owned pan European aparthotel business with 5,304 keys across 32 locations in 15 cities; OakNorth Bank provided a £30m loan – £15m of which was through CLBILS – to the business in 2020 to help it through COVID and support its expansion plans; This transaction sees the £15m CLBILS […]
Real Estate
ASK and OakNorth Bank co-lend £44.5M for Sheen Lane Development’s acquisition of Richmond’s former House of Fraser
Real estate funding specialist ASK Partners (“ASK”) and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a £44.5m senior development and acquisition loan to privately owned property development company Sheen Lane Developments, to fund the acquisition and refurbishment of a former department store. The acquired 0.5-acre site located in the well-connected, affluent […]
Real Estate
OakNorth Bank lends £2.3M to Create Real Estate to convert a vacant casino in central Bristol into new offices
Founded in 2018, Create Real Estate acquires UK real estate assets with the opportunity to add significant economic, social and environmental value through intensive asset management and development; The capital from OakNorth Bank will support the conversion of vacant upper floors of a building in central Bristol from a casino into offices; According to the […]
Real Estate
OakNorth Bank completes bespoke loan to support the redevelopment of major industrial estate in Derbyshire set to create 4,000 jobs for the region
The project is being led by Verdant Regeneration, whose management team have successfully acquired and redeveloped industrial sites across the UK for over three decades; Previously the Stanton Ironworks, the site called, New Stanton Park covers over 200-acres of land between the villages of Stanton-by-Dale and Ilkeston in Derbyshire; The scheme will provide 2.6 million […]
Real Estate
OakNorth Bank provides £900K loan to redevelop a major mixed-use scheme in Rock, Cornwall
The loan is to experienced property developer, SWPG Rock Limited, which is owned and managed by married couple, Duncan Lloyd-Jones and Carly Lloyd-Jones; The capital will be used to redevelop an existing major mixed-use scheme, consisting of three residential units, four commercial units and five garages; Located in the admired Cornish coastal village of Rock, […]
Real Estate
OakNorth Bank provides £35.6M loan to Bruntwood SciTech to acquire and redevelop Glasgow’s Met Tower, the city’s new tech and digital hub
Bruntwood SciTech, a joint venture between investor and developer Bruntwood and Legal & General, is the UK’s leading property and innovation services provider dedicated to driving the growth of the science and technology sector; The capital from OakNorth Bank will support the acquisition and redevelopment of Glasgow’s Met Tower, a 14-storey office building in the […]