Real Estate
OakNorth Bank and ASK co-lend £41.5m to support Tailored Living Solutions’ Great Suffolk Yard Grade A office development in Southwark, London
Founded in 2012, Tailored Living Solutions specialise in creating bespoke new-build homes and commercial, co-working spaces across London; Located in London’s popular Borough area, Great Suffolk Yard offers c.65,000 sq. ft of BREEAM excellent, new office space across six floors, as well as a private courtyard and four roof terraces; The site is only a five-minute walk […]
Real Estate
OakNorth Bank provides a bespoke loan for a purpose-built student accommodation development in Lincoln
The bespoke loan is to a joint venture between Harrison Street and Torsion Developments; The capital is for a 361-bedroom purpose-built student accommodation (PBSA) called Pine Mill in Lincoln, UK; Located a c.12-minute walk from the University of Lincoln’s main campus and a c.20-minute walk from Lincoln City Centre, the accommodation has managed to achieve […]
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 […]