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Self-storage provider, STOREX, to expand portfolio across Greater London, following £30.2m loan from OakNorth
Created by global investment manager, EQT Exeter, STOREX provides premium sustainable self-storage sites across Greater London; The £30.2m loan from OakNorth will be used to develop and operate two new self-storage sites in Sunbury, Surrey and Cricklewood, London Borough of Brent; Demand for self-storage units is rising with operator revenues rising 6.5% to £990m, as […]
OakNorth backs new joint venture between Dukesmead Property Group, Kyte Property and Grosvenor Hill, with £2.25m loan to fund maiden supported living scheme
Founded in 2019, Dukesmead Property Group specialises in acquiring sites to develop state-of-the-art care homes, senior living and assisted living units; Kyte Property is a London based property development company that specialises in creating unique boutique living spaces; Managed by Abel Leaman and Dion Michael, Grosvenor Hill is a real estate investment and development group […]
OakNorth provides £40m NAV facility to returning customer and closed-end investment company, Literacy Capital
Founded in 2017 by Paul and Richard Pindar, Literacy Capital is a closed-end investment company focused on investing in and supporting growing UK businesses; The firm listed on the London Stock Exchange’s Main Market in June 2021, before gaining Investment Trust status on 1 April 2022; The £40m NAV facility will refinance existing debt, as […]
SGS Group completes refinancing of four major shopping centres following £445m club loan from OakNorth
The four shopping centres are: Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham, and Braehead in Glasgow; With a catchment population totalling 9.4m the sites are four of the leading shopping centres nationally; Average occupancy rates for the sites have increased to 93%, with tenants consisting of international and national retail brands, including […]
OakNorth completes £2m working capital facility to Spy Alarms, a private-equity backed installer of security systems, to support its continued buy-and-build strategy
Founded in 1985, Spy Alarms received private equity backing from Phoenix Equity Partners in 2020; With more than 75,000 customers – both domestic and commercial – Spy Alarms is one of the largest privately owned installers of security systems in the South East; In addition to organic growth, Spy Alarms has also grown through making […]
OakNorth provides bespoke capital call facility to returning customer and private equity real estate investor, Paloma Capital
Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; Paloma has raised over £450m of wholly discretionary capital in three value-add funds since launch, mainly from institutional investors in the UK, Europe and the Middle East; The bespoke facility will be deployed within the […]
