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OakNorth Bank provides £9M loan to fund the acquisition and refurbishment of a 4-star hotel in Warwick, West Midlands
The hotel is currently operated as the M40J15 Warwick Hotel, but will rebrand in September as Delta by Marriott hotel; It will be managed by Countrywide Hotels, a hotel management and consultancy business which manages c.30 hotels across the UK; Given its proximity to Stratford-upon-Avon, Warwick Castle and Birmingham Airport, as well as its broad […]
OakNorth Bank completes £7.5M loan for the development of a major new luxury care home in Beverley, East Yorkshire
Springfield Healthcare is a family-owned business providing exceptional care in the heart of communities across Yorkshire. It is backed by the Business Growth Fund (BGF); The capital from OakNorth Bank will be used to develop a luxury care home with 79 en-suite care rooms, six care home apartments, and seven retirement flats for sale; The […]
OakNorth Bank provides £50M loan to support Brigid Investments in financing McCarthy Stone’s UK retirement living rental portfolio
Brigid Investments Limited (Brigid Investments) is a special purpose vehicle formed by John Laing and Macquarie Capital who are both 50 per cent shareholders; The newly built and fully occupied rental units will continue to be operated by McCarthy Stone, the leading developer and manager of retirement living communities in the UK; The capital will […]
OakNorth Bank to advance the £5m required to complete Side by Side’s new school building
Side by Side is a special needs school and integrated nursery catering to children between the ages of two and 19; In addition to the school and nursery, Side by Side also offers therapy sessions, an afterschool club, extra-curricular activities, and Kodesh (Jewish Studies); The development bridge from OakNorth Bank will be used to assist […]
ASK and OakNorth Bank fund first transaction of FORE and Amicala’s £300m JV to develop ultra-sustainable extra care later living community in Bristol
Real estate funding specialist ASK Partners, “ASK,” and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a combined senior loan facility to support the first acquisition of a new partnership between FORE Partnership and Amicala, that intends to develop up to £300m worth of ultra-sustainable net-zero extra care later living schemes. The […]
OakNorth Bank provides £2.7M loan to Scarborough Group International for the development of a new Stadium at Sheffield Olympic Legacy Park
Founded by the McCabe family in 1980, Scarborough Group International has grown from a UK-based real estate developer and investor into a global organisation with a development pipeline GDV of c.£2.5B; Funded by OakNorth Bank, the new stadium will include covered stand along incorporating commercial space and ancillary facilities. The project is part of the […]
