Glasgow-based, Ambassador Group, to build new homes at historic Bangor Village, following £21m loan from OakNorth.
OakNorth – the neobank for entrepreneurs by entrepreneurs, has provided a £21m loan to Ambassador Group, the privately owned, highly experienced Scottish-based property and investment company.
Founded in 2011, the group consists of three divisions, Development, Investment and Advisory, and has advised on over £2b of UK real estate transactions to date, with a development pipeline of over 2.5k homes. Headquartered in Glasgow, Ambassador Group has a successful track-record across all aspects of real estate investment, development and management; and is well-respected as an innovative and trusted operating partner committed to adding value through an entrepreneurial and forward-thinking approach.
The £21m loan from OakNorth will be used to develop over 70 new homes at Ambassador Group’s latest site located at the historic Bangour Village in West Lothian, as well as support ongoing infrastructure works. The units include 51 detached and semi-detached homes and 23 flats, that will offer residents extensive green spaces, as well as EV charging points as part of the group’s wider sustainability commitment. The OakNorth funded homes will be part of the wider Bangour Village Estate, a 215-acre site that is set to consist of 998 homes, a primary school and nursery, café/restaurant, as well as transport links to both Edinburgh and Glasgow.
About Ambassador Group: Privately owned, Ambassador Group are a highly experienced Scottish property company that over the years has built a reputation for integrity, transparency and innovation.
The group compromises of family of consummate professionals with three distinct skillsets that fuse seamlessly to deliver excellence in all that they do.
Their expertise spans three separate, but complementary divisions, developments, investments and advisory. They are committed to adding value through entrepreneurships, forward thinking approach and our clients and partners take comfort from their successful track record.