Real Estate
OakNorth Bank completes £15m loan to Waverstone LLP to support purchase of 135 new retirement apartments across the UK
Capital from OakNorth Bank has supported the portfolio purchase of 135 retirement apartments across the UK by Waverstone LLP, a jointly owned entity between Waverley Investments Limited and McCarthy & Stone Extra Care Living Limited; The apartments have been purchased from McCarthy & Stone, the UK’s leading developer and manager of retirement communities, who will […]
Real Estate
OakNorth Bank completes £50m transaction with returning client Hayfield to accelerate growth ambitions to 500 homes per annum
Solihull-headquartered Hayfield, one of the UK’s leading housebuilders, providing a range of properties to suit all tastes and requirements; The bespoke £50m debt finance package from OakNorth Bank will be used to accelerate growth, enabling the three year-old housebuilder to deliver 500 homes per annum over the next 36 months; Previous loans from OakNorth Bank […]
Real Estate
OakNorth Bank completes £4.4m loan to promoters of long-established Indian property developer, Kolte-Patil, for two major developments in Surrey and Greenwich
Founded in 1991, Kolte-Patil Developers Limited has over 25 years’ experience in property development, having delivered 15m sq.ft. of projects across Pune, Mumbai and Bengaluru; These will be Kolte Patil Limited’s (company is wholly owned by Kolte-Patil Family Office) first developments in the UK; The bespoke £4.4m facility from OakNorth Bank will be used to […]
Real Estate
OakNorth Bank provides £2.3m loan to leading property investment firm Riverside Capital for major new office space in Hoxton, London
Founded in 2010, Riverside Capital provides a platform for professional investors and intermediaries to access and invest in the UK commercial property market; The finance will be used to acquire and redevelop a large, two-story office space in Hoxton, with permission in place for a further extension; The site sits along Mundy St, on the edge […]
Real Estate
OakNorth Bank provides £17.8m loan to Marden Homes for a major new residential development in Chelmsford
Established in 1989, Marden Homes specialise in unlocking value from its sites and building bespoke homes across London and the South East; The finance will be used to develop a major new waterside residential site, consisting of 128 units, including 28 affordable homes; The site, situated in Little Waltham, Chelmsford, boasts excellent transport links, including […]
Real Estate
OakNorth completes loan to returning client Kexgill for its latest student accommodation development at the University of Hull
Having secured a major partnership with the University, Kexgill is one of the leading still wholly privately owned student accommodation providers in the UK; Kexgill will use the finance from OakNorth to convert four semi-detached houses into 12 studio flats all of which are pre-let and to complete the 200 house purchase known as the […]