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OakNorth Bank completes £20.5M loan to Axis Retail Partners to support its maiden shopping centre acquisition
Formed in 2018 following a partnership between Generali Investment Holding and entrepreneurs, Florencio Beccar and Toby Smith, Axis Retail Partners is a leading advisory boutique specialising in European retail investments; With c.€525M of assets under management (AUM), the firm has a strong track record of managing retail assets across several geographies, risk spectrums and property […]
Alchemy-backed Inn Collection Group surpasses its 2022 portfolio target and secures £42M from OakNorth Bank to support future growth
In 2019, OakNorth Bank provided The Inn Collection Group with a funding package to support the doubling of its portfolio to 21 sites by 2022; Thanks to COVID, the Group has managed to exceed this target, acquiring quality sites at competitive entry prices, and now has 26 inns across Northumberland, County Durham, the Lake District, […]
OakNorth deepens support for SMEs with its first acquisition – and says there will be more
OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small businesses sleep better at night via its cashflow forecasting tool – a product which c.1,300 UK accounting firms subscribe to; This mission is highly synergistic with OakNorth’s mission to empower the ‘Missing Middle’ – […]
OakNorth Bank completes £34.3m loan to restore London’s historic 15 Old Bailey
The loan is to a joint venture formed by entrepreneur Alex Shamash and Boscalt Hospitality (a member of Edmond de Rothschild Private Equity partnerships); The finance will support the conversion of 15 Old Bailey from an office building into a new luxury hotel, along with two restaurants and a bar; The Victorian property was built […]
OakNorth Bank completes £531K loan to Sincere Homes for new supported living development in the West Midlands
The capital will fund the development of a four-bedroomed supported living home in Willenhall, part of the Metropolitan Borough of Walsall; Sincere Homes is a partner with the Midway Care Group, which was founded in 2006 by Matthew Harrison and provides services for people with learning disabilities; Having now developed 15 schemes for Midway Care […]
OakNorth Bank completes £7.4M loan to family-run Burney Group for new 100 bed Travelodge hotel next to Ipswich Town Football Club
Founded in 1997 by industry stalwart Daren Burney, Burney Group specialises in the development of commercial and mixed-use schemes across the UK; The finance from OakNorth Bank will be used to acquire a site by Portman Road Stadium in Ipswich and develop it into a new Travelodge hotel, as well as refurbish retail warehouse […]
