Real Estate
OakNorth Bank completes £36M loan for the acquisition of seven student accommodation sites across Aberdeen and Southampton
The loan is to Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP; The capital will be used to acquire six purpose-built student accommodation (PBSA) properties in Aberdeen and to refinance a student village in Southampton, totalling over 1,800 beds; The sites will be managed by Iceni Property Asset Management, which […]
Real Estate
OakNorth Bank completes £1.52M facility to support the development of three new warehouses at Snetterton Business Park near Norwich
The project is being led by ASBT Warehousing Ltd, whose management team previously founded local family-run businesses, Silk Route Spice Company and Charbrew; The scheme will provide over 24.5K sq. ft. of storage space, with Silk Route Spice Company and Charbrew confirmed to let out two of the three newly built units; Formerly known as […]
Real Estate
OakNorth Bank lends £6.2m to family-run SME homes creator, bunnyhomes, for major new residential neighbourhood in Cornwall
The capital has supported the creation of 24 new homes in the village of Kilkhampton and is part of a 34-unit new neighbourhood; Founded in 2013 by Tracey Kent in her garage, bunnyhomes has since invested more than £20m in the Cornwall and Devon economy; The business has an aspiration to become a c.250 unit […]
Real Estate
OakNorth Bank extends loan facilities to Staycity Group to support its growth as it looks to expand to 18,000 apartments by 2028
Founded in 2004, Staycity is an Irish-owned pan European aparthotel business with 5,304 keys across 32 locations in 15 cities; OakNorth Bank provided a £30m loan – £15m of which was through CLBILS – to the business in 2020 to help it through COVID and support its expansion plans; This transaction sees the £15m CLBILS […]
Real Estate
ASK and OakNorth Bank co-lend £44.5M for Sheen Lane Development’s acquisition of Richmond’s former House of Fraser
Real estate funding specialist ASK Partners (“ASK”) and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a £44.5m senior development and acquisition loan to privately owned property development company Sheen Lane Developments, to fund the acquisition and refurbishment of a former department store. The acquired 0.5-acre site located in the well-connected, affluent […]
Real Estate
OakNorth Bank lends £2.3M to Create Real Estate to convert a vacant casino in central Bristol into new offices
Founded in 2018, Create Real Estate acquires UK real estate assets with the opportunity to add significant economic, social and environmental value through intensive asset management and development; The capital from OakNorth Bank will support the conversion of vacant upper floors of a building in central Bristol from a casino into offices; According to the […]