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OakNorth Bank provides £35.6M loan to Bruntwood SciTech to acquire and redevelop Glasgow’s Met Tower, the city’s new tech and digital hub
Bruntwood SciTech, a joint venture between investor and developer Bruntwood and Legal & General, is the UK’s leading property and innovation services provider dedicated to driving the growth of the science and technology sector; The capital from OakNorth Bank will support the acquisition and redevelopment of Glasgow’s Met Tower, a 14-storey office building in the […]
OakNorth Bank, Hilltop Credit Partners, and MCAP Global Finance provide £33M loan to develop 213 new affordable homes in Worcester city centre
Hilltop Credit Partners is a leading opportunistic real estate manager in Europe providing medium-term, senior secured loans to experienced SME residential developers; MCAP Global Finance (UK) LLP is the UK subsidiary of New York based Marathon Asset Management LP, a leading global credit manager with $23bn in assets under management; The capital will be used […]
OakNorth Bank completes £40M loan to Zetland Capital to acquire and expand pub portfolio operated by Portobello Starboard
The portfolio is made up of 17 high quality freehold pubs located across London villages / suburbs and the South coast and operated by Portobello Starboard; With the loan from OakNorth Bank, Zetland Capital will grow this pub portfolio through acquisitions across London and the south of England; Pubs were some of the worst-hit businesses […]
OakNorth Bank provides SME housebuilder, SC Property, with a £1.4M loan for a new residential scheme in Eastcote, London Borough of Hillingdon
Founded in 2017, Silver Circle (SC) Property specialises in delivering quality homes at an affordable price, having delivered 41 homes to date at various locations across the UK, with a further 19 due for completion in the next year; The capital from OakNorth Bank will be used to develop a new residential scheme in the […]
OakNorth Bank completes £32.6M loan with Dandi Group to develop a major new co-living scheme in Battersea
The loan is to Dandi Group, the multi-award-winning London based family office; The capital will be used to develop a new six-storey residential scheme with 159 co-living bedrooms at Hazel Court on Haydon Way, near Wandsworth Town station; Planning permission for the new scheme was granted in September 2021 and will see the c.16,000 sq.ft. […]
OakNorth Bank sees exceptional growth in 2021 with pre-tax profits up by 73% to £134.5mn
OakNorth Bank has today published its 2021 Annual Report, revealing a 73% increase in pre-tax profits to £134.5 million[1] (up from £77.6 million in 2020), and a 60% increase in new lending to £1.8 billion (up from £1.1 billion in 2020). By delivering this growth, OakNorth Bank deepened its support for UK businesses, powered by […]
