OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.25m loan to a new joint venture between Dukesmead Property Group, Kyte Property and returning customer, Grosvenor Hill.
The £2.25m loan from OakNorth will be used to acquire a former NHS Health Centre in Bedfordshire, and convert it into a new supported living scheme, consisting of 18 one-bedroomed flats. The site is located a short walk from a popular high street and will offer residents with large indoor and outdoor communal areas.
About Kyte Property: Kyte Property is a London based property development company that specialises in creating unique boutique living spaces across the South East of England. Headquartered in Finchley, North London, the firm’s current and previous projects include the conversion and extension of an old warehouse to 23 apartments and 3,000 ft of commercial space in Queen’s Park and a major residential scheme in Acton Park.
About Grosvenor Hill: Formed in 2022, Grosvenor Hill is a real estate investment and development group specialising in social housing and facilities. The firm is managed by Abel Leaman and Dion Michael, who have a track record and experience within the real estate, investment banking, and social housing sectors.