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OakNorth Bank provides £27m funding for the development of a new 12-storey aparthotel in Aldgate, operated by Edyn Group
The Edyn Group was sold last year for approx. £430m making it the largest investment in the UK aparthotel sector to date; The new development will consist of 103 units, office space on the mezzanine level and a ground floor restaurant; The site is a short walk from Aldgate East Station and the new Crossrail […]
OakNorth Bank completes seven-figure debt finance deal with Dow Schofield Watts to support strategic investment in Camlee Group
Independent advisory firm, Dow Schofield Watts, has made a strategic investment in Camlee Group, the Manchester-based corporate finance boutique which is a leading provider of business sales advice to SMEs; The deal was supported by a seven-figure debt facility from OakNorth Bank; Camlee will continue servicing the SME market under its existing brand, while co-operating […]
OakNorth Bank completes £4.4m loan to promoters of long-established Indian property developer, Kolte-Patil, for two major developments in Surrey and Greenwich
Founded in 1991, Kolte-Patil Developers Limited has over 25 years’ experience in property development, having delivered 15m sq.ft. of projects across Pune, Mumbai and Bengaluru; These will be Kolte Patil Limited’s (company is wholly owned by Kolte-Patil Family Office) first developments in the UK; The bespoke £4.4m facility from OakNorth Bank will be used to […]
OakNorth Bank provides £2.3m loan to Moorlands Healthcare Limited for the acquisition of a specialist care home in Staffordshire
The finance will be used to acquire Harewood Park Care Home in Cheadle, Staffordshire and add three more rooms, bringing the total to 37; This will be the first acquisition for Moorlands Healthcare Limited, part of the My Choice Healthcare Group, which is aiming to acquire more care homes in the Counties adjoining Staffordshire and […]
OakNorth Bank lends £9.4m to Care Concern Group, a leading dementia care home that operates over 80 sites, to acquire a care home in Birmingham
The finance will be used to acquire the Willowbrook Care Home on Aldridge Road in Birmingham; There is a shortfall of 240 beds within a five mile-radius of the Willowbrook Care Home, none of which provide a similar service. As a result, it experiences 99% occupancy rates; OakNorth Bank has completed several deals with care […]
OakNorth Bank provides £2.3m loan to leading property investment firm Riverside Capital for major new office space in Hoxton, London
Founded in 2010, Riverside Capital provides a platform for professional investors and intermediaries to access and invest in the UK commercial property market; The finance will be used to acquire and redevelop a large, two-story office space in Hoxton, with permission in place for a further extension; The site sits along Mundy St, on the edge […]
