Real Estate
Private equity-backed SME housebuilder, honey, to build over 250 additional new homes across Yorkshire following £12.2m of further funding from OakNorth
Founded in October 2022 by former Avant Homes CEO, Mark Mitchell, honey builds homes which combine style, substance and sustainability; The business is backed by private equity firm, Alchemy Partners, whose assets under management total over £2.2b; The £12.2m loan from OakNorth will be used to support two of honey’s new housing schemes in Huddersfield, […]
Real Estate
Glasgow-based, Ambassador Group, to build new homes at historic Bangour Village, following £21m loan from OakNorth
Founded in 2011, Ambassador Group is a privately owned, Scottish real estate company spanning three divisions, Development, Investment and Advisory; Headquartered in Glasgow, the firm has advised on over £2b of UK real estate transactions since inception, with a development pipeline of over 2.5k homes; The £21m loan from OakNorth will be used to develop […]
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 […]