Real Estate
Manchester-based property business, Hurstwood Holdings, to develop three residential schemes following £18m loan from OakNorth
Hurstwood Holdings is a leading privately owned property investment and development company headed up by Chairman and CEO, Stephen Ashworth; Headquartered in Manchester, Hurstwood’s AUM totals over £300m, including office, industrial, leisure, and residential properties that are home to over 1000 tenants all over the UK; The £18m loan from OakNorth will be used to […]
Real Estate
OakNorth lends £29m to joint venture between ALMCOR and Cerberus to support their acquisition of two UK sites
Following its launch in 2022, the joint venture has €500m of allocated capital to deploy in target markets across the UK and Europe; The loan from OakNorth will support the acquisition of two UK sites in Lancashire and Leicestershire; The acquisitions will be part of the joint venture’s European Industrial Outdoor Storage (EIOS) platform. OakNorth, the […]
Real Estate
SME housebuilder, Blueprint Property Group, to develop new residential scheme in Essex following £11m loan from OakNorth
Founded 2009 by Alan Perry, Blueprint Property Group specialises in residential development, sales, and lettings, as well as land acquisitions and disposals; Headquartered in Brentwood, Essex, the group has completed numerous residential schemes across the county, ranging from one-bedroomed flats to detached homes; The £11m bespoke loan from OakNorth will be used to develop 15 […]
Real Estate
OakNorth Bank completes tailored loan facility to MRW Group to support its IFA buy-and-build strategy, with three initial acquisitions
Emet Financial Services (Emet), Merlin Wealth Planning (Merlin) and Mayfayre Financial Services (Mayfayre) will merge under MRW Group; The Group provides independent financial advice to over 1,500 clients, with over £150 million assets under management; The loan facility will be used to support the Group’s ambitious buy-and-build strategy, including further acquisitions expected this year. OakNorth, the […]
Real Estate
OakNorth completes £16.75m loan to family-run Capital Developments Group to support future growth
Privately owned property development and investment company, Capital Developments Group expanded in 2020 and is run by Colin and Jordon Foux; With over 40 years of experience within the property industry, the firm specialises in acquiring residential and commercial property across London and the Home Counties; The £16.75m loan from OakNorth will be used to […]
Real Estate
OakNorth Bank completes £45m capital call facility for private equity real estate investor, Paloma Capital
Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; The firm has raised a total of c.£440m of wholly discretionary capital in three value-add funds since 2015, mainly from institutional investors in the UK, Europe and the Middle East; It has raised £120m out […]