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OakNorth Bank completes £6m property development facility with Redsky Homes for new mixed-use scheme in Ealing
The capital will be used to fund the development of 22 residential units and commercial units in the London Borough of Ealing; The team at Redsky Homes has successfully completed several mixed-use schemes in and around London, including in Farnham Common, Slough and High Wycombe; Zoopla’s latest monthly House Price Index has revealed that annual […]
Pension savers on Insignis can now access OakNorth Bank’s savings products, enabling them to make the most of their pension pots
OakNorth Bank is offering its products to pension savers for the first time through its partnership with Insignis, the leading cash solutions provider; The cash component of pension pots usually earns little to no interest. The Insignis savings marketplace solves this problem by introducing pension savers to interest-bearing cash products of various savings providers, one […]
OakNorth Bank agrees £16.5m facility with Mumbles Group to refinance three operating assets and acquire two new petrol filling stations with convenience stores in Newquay and Guildford
The facility will allow capital to be released into Mumbles Group and allow them to grow their business through the acquisition and redevelopment of two new sites in in Newquay and Guildford; Mumbles Group has a good track record in this sector, having completed seven projects in this space since 2014; Forecourts are an important […]
OakNorth Bank completes £26.3m loan to leading real estate fund manager, Frogmore, for development of new dementia care home in Westminster
OakNorth Bank has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers, to develop a 35-bedroom specialist dementia care home; The development, which secured planning permission In July, is only a short walk from Bayswater underground station and Hyde Park; Frogmore’s first care home project, Chelsea Court Place, is at […]
OakNorth Bank completes £30m loan to Staycity
Staycity’s fast-expanding estate includes properties in Berlin, Birmingham, Dublin, Edinburgh, Liverpool, London, Lyon, Manchester, Marseille, Paris, Paris Marne-la-Vallée (near Disneyland Paris), Venice Mestre, and York; In 2019, Staycity’s turnover grew 14% to €78m, with EBITDA rising around 11% with like-for-like occupancy of 87% and the company’s strongest ever guest satisfaction scores; Until the coronavirus pandemic […]
OakNorth Bank and ASK Partners complete a £6.35m loan for new 112-bed Purpose Built Student Accommodation in Falmouth, Cornwall
Real estate finance specialist ASK Partners has provided funding to Hydrogen Falmouth, the student living arm of a leading property investment and development company, alongside a Coronavirus Business Interruption Loan (CBIL) from OakNorth Bank; The finance will be used to develop a new five-storey, 112-bedroom Purpose Built Student Accommodation (PBSA) within Falmouth’s town centre; HMO […]
