Caissa Holdings

OakNorth completes £1.3m loan to real estate firm, Caissa Holdings, to support maiden acquisition in Scotland

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has completed a £1.3m loan to Caissa Holdings, in support of its first commercial property acquisition in Scotland. The time-critical deal was completed within a month, highlighting OakNorth’s execution and delivery capability.

Caissa Holdings, a private property investment and development group, founded in April 2021, have built up a track record of owning and managing prime residential assets across the UK and Europe. The £1.3m loan from OakNorth will support the firm’s regional acquisition strategy via the purchase of a prominent five-storey building in central Glasgow. Located on Sauchiehall Street, the building is currently let to Waterstones and Flying Tiger and houses Scotland’s largest bookstore, which also contains event space and two cafes located in the basement and second floors respectively.

The deal follows OakNorth’s expansion into Scotland with the opening of its new Glasgow office in summer last year to boost lending into Scottish SMEs.

About Croud: Founded in April 2021, Caissa Holdings is a property investment and development group which owns and manages prime residential, retail and office space in the UK and Europe.

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