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OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]
ECI Partners acquires majority stake in digital marketing agency, Croud, to accelerate growth, following £77.6m club loan from OakNorth
Launched in 2011, Croud is a global, full-service digital agency with offices in the UK, US and Middle East; The business has worked with household brands including: International Workplace Group (IWG), Selfridges, Amazon’s Audible and Prime Video, and Nespresso; The transaction follows OakNorth’s initial £34m club loan to Croud in May this year to support […]
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 […]
