Real Estate
OakNorth Bank completes a £1.2m loan to Oakwood Real Estate to convert offices by Birmingham New Street station into 38 new homes
Oakwood Real Estate is a property investment and development company which has been funding real estate investments and developing projects throughout the UK for over 20 years; According to research from Knight Frank[1], the latest local plan for Birmingham identifies a need for a further 2,500 homes a year in order to meet demand. OakNorth […]
Real Estate
OakNorth Bank provides £25.4m loan to Scarborough Group International for the development of a major new office building at Thorpe Park Leeds
Founded by the McCabe family in 1980, Scarborough Group International (SGI) has grown from a UK-based real estate developer and investor into a global organisation with an award-winning portfolio of projects; Due to Thorpe Park, Leeds’ community resources and proximity to Leeds city centre, the team has already secured a 15-year lease agreement with Lowell, […]
Real Estate
OakNorth Bank completes £10.3m loan to refurbish a vacant office building in Croydon which has been pre-let to London South Bank University
The capital from OakNorth Bank is funding the refurbishment of Electric House in Croydon which has a GDV of £30m and will be completed this summer; The property is a grade II listed office building and electricity showroom which has been vacant since 2013, but has been pre-let to London South Bank University (LSBU); In […]
Real Estate
OakNorth Bank completes £10m property investment facility with global investment manager, L1 Capital, to support capital expenditure and invest in new value-add assets
Established in Melbourne in 2007, L1 Capital is a global investment manager with approximately $3bn AUM, whose clients include large retirement funds, HNW individuals and retail investors; The capital will be used to support a capital expenditure program and also support future investments for its third property fund, L1 U.K. Residential Property Fund III that […]
Real Estate
OakNorth Bank completes £5.6m loan to convert vacant pub and hotel in Charlton into a new mixed-use scheme with 60 studio apartments
The capital from OakNorth Bank will support the conversion of The Antigallican Hotel which closed in 2018 into a new mixed-use scheme, comprising of 60 studio apartments as well as a ground floor café; The project is being led by the experienced team behind Dandi, the property business which has significantly grown its unit portfolio […]
Real Estate
OakNorth Bank increases facility to RAW Mortgage Fund, the Guernsey-based buy-to-let mortgage lender, from £20m to £40m
Founded in May 2015, the Fund has completed over 350 loans and has consistently delivered positive returns for investors since launch; Loans are originated, serviced and actively managed by RAW Capital Partners, a Guernsey based investment manager; OakNorth Bank completed a £20m Revolving Credit Facility with the Fund in 2019. The increased facility takes the […]