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ASK and OakNorth Bank co-lend £44.5M for Sheen Lane Development’s acquisition of Richmond’s former House of Fraser
Real estate funding specialist ASK Partners (“ASK”) and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a £44.5m senior development and acquisition loan to privately owned property development company Sheen Lane Developments, to fund the acquisition and refurbishment of a former department store. The acquired 0.5-acre site located in the well-connected, affluent […]
OakNorth Bank lends £15M to leading hotel family business, JMK Group, for freehold buyout of two London hotels and upgrades to an existing hotel
JMK group is a family-run, privately owned hospitality group founded in 2009, which started as a small boutique hotel in Kensington; Since then, the Group’s portfolio has grown into a portfolio of hotels, properties, and coffee houses across London and Ireland; The capital from OakNorth Bank will fund the freehold buyout of two hotels and […]
OakNorth Bank lends £2.3M to Create Real Estate to convert a vacant casino in central Bristol into new offices
Founded in 2018, Create Real Estate acquires UK real estate assets with the opportunity to add significant economic, social and environmental value through intensive asset management and development; The capital from OakNorth Bank will support the conversion of vacant upper floors of a building in central Bristol from a casino into offices; According to the […]
OakNorth Bank completes £2.1M loan to West Yorkshire-based family-run, textile business, Europa Wools, to support a management buy-out
Europa Wools is a major player in the global textile industry, specialising in wool from New Zealand, Australia and Britain; The firm supplies over one million kilograms of textile raw materials to the international wool trade annually – making it one of the industry’s leading UK wholesalers; The capital from OakNorth Bank will allow Richard […]
OakNorth Bank lends £1.75M for management buyout of BTTC Infrastructure, a management consultancy focused on rail infrastructure projects
Launched in December 2016, BTTC Infrastructure operates from offices in Manchester, London and Toronto, catering to the UK and Canadian markets with clients including Network Rail and Metrolinx The capital from OakNorth Bank will support the management buyout of two of the business’ three founding members; Post transaction, the business’ growth will be driven by […]
OakNorth Bank completes bespoke loan to support the redevelopment of major industrial estate in Derbyshire set to create 4,000 jobs for the region
The project is being led by Verdant Regeneration, whose management team have successfully acquired and redeveloped industrial sites across the UK for over three decades; Previously the Stanton Ironworks, the site called, New Stanton Park covers over 200-acres of land between the villages of Stanton-by-Dale and Ilkeston in Derbyshire; The scheme will provide 2.6 million […]
