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OakNorth Bank provides £25.4m loan to Scarborough Group International for the development of a major new office building at Thorpe Park Leeds
Founded by the McCabe family in 1980, Scarborough Group International (SGI) has grown from a UK-based real estate developer and investor into a global organisation with an award-winning portfolio of projects; Due to Thorpe Park, Leeds’ community resources and proximity to Leeds city centre, the team has already secured a 15-year lease agreement with Lowell, […]
OakNorth Bank completes £4m loan to Cheshire-based financial advisory firm, Cullen Wealth, to support a management buy-out
Founded in March 1998 by Richard Cullen, Cullen Wealth provides investments, pensions and tax planning services to both individuals and businesses; With over 3,000 clients and assets under management (AUM) exceeding £1bn, the firm is one of the largest independently-owned financial advisory firms in the UK; Cullen Wealth’s client investments continue to show resilient performance […]
OakNorth Bank provides £5.5m loan to family-run property business, Baxter Homes, to support the development of a new residential scheme in Lancashire
The capital from OakNorth Bank will support the development of 19 new homes within Oak Hill Rise, Baxter Homes’ new residential scheme in Garstang; Houses built by small and medium-sized firms has fallen 50% between the 1980’s and 2008[1], as a result of them not being able to access the finance they need to grow; […]
OakNorth Bank completes £10.3m loan to refurbish a vacant office building in Croydon which has been pre-let to London South Bank University
The capital from OakNorth Bank is funding the refurbishment of Electric House in Croydon which has a GDV of £30m and will be completed this summer; The property is a grade II listed office building and electricity showroom which has been vacant since 2013, but has been pre-let to London South Bank University (LSBU); In […]
OakNorth Bank completes £10m property investment facility with global investment manager, L1 Capital, to support capital expenditure and invest in new value-add assets
Established in Melbourne in 2007, L1 Capital is a global investment manager with approximately $3bn AUM, whose clients include large retirement funds, HNW individuals and retail investors; The capital will be used to support a capital expenditure program and also support future investments for its third property fund, L1 U.K. Residential Property Fund III that […]
OakNorth Bank completes £4.4m CBILS loan to complete the development of a new care home in Upper Norwood
The capital from OakNorth Bank will enable the borrower to complete the construction of Beulah Vista Caring Home, which would have otherwise been delayed due to COVID-19; The project is being led by a highly-experienced team which also operates another care home – The Chestnut Lodge Home in Tonbridge; Recent research from Knight Frank [1], […]
