Hospitality
OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]
Real Estate
Self-storage provider, STOREX, to expand portfolio across Greater London, following £30.2m loan from OakNorth
Created by global investment manager, EQT Exeter, STOREX provides premium sustainable self-storage sites across Greater London; The £30.2m loan from OakNorth will be used to develop and operate two new self-storage sites in Sunbury, Surrey and Cricklewood, London Borough of Brent; Demand for self-storage units is rising with operator revenues rising 6.5% to £990m, as […]
Real Estate
OakNorth backs new joint venture between Dukesmead Property Group, Kyte Property and Grosvenor Hill, with £2.25m loan to fund maiden supported living scheme
Founded in 2019, Dukesmead Property Group specialises in acquiring sites to develop state-of-the-art care homes, senior living and assisted living units; Kyte Property is a London based property development company that specialises in creating unique boutique living spaces; Managed by Abel Leaman and Dion Michael, Grosvenor Hill is a real estate investment and development group […]
Childcare & Education
OakNorth provides bespoke loan for major new purpose-built student accommodation development next to the University of Nottingham
The loan is to an SPV managed by OMNI Developments, an experienced Developer who specialises in student accommodation and high-end residential development; The capital will be used to develop a new six-storey, 222-bedroom purpose-built student accommodation (PBSA); Situated opposite the University of Nottingham’s Jubilee Campus, the site will offer a unique combination of large rooms […]
Real Estate
OakNorth and ASK complete £30.8m co-loan to Vabel as it acquires landmark second site on Queensway
Founded in 2009, Vabel has completed over 300 homes across London, ranging from one-off residences to new build multi-unit developments; The £30.8m co-loan from OakNorth and ASK will enable Vabel to acquire Queesnway Parade, an L-shaped property that runs across Queensway, Porchester Gardens, and Inverness Terrace. OakNorth – the digital bank for entrepreneurs by entrepreneurs, […]
Real Estate
OakNorth provides Kester Capital with loan facility to support its investment in world-leading architectural visualisation business, The Boundary
Founded in 2014, The Boundary has an international reputation for excellence in architectural visualisation and the built environment; It serves several of the world’s largest real estate developers from three offices across three continents; Kester Capital is a leading UK private equity investor, focused on the technology and healthcare sectors. OakNorth – the digital bank […]