The OakNorth newsroom

Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.

For press enquiries, get in touch at [email protected]

Galliard to submit planning permission to develop major mixed-use scheme in Birmingham following £8.6m loan from OakNorth Bank

Monday November 19th, 2018

OakNorth has completed an £8.6m loan to the 50:50 joint venture between Galliard Homes and Apsley House Capital; The developers hope to use the finance to convert a vacant 254,400 sq.ft. site into a major new mixed-use development; Birmingham needs to develop over 4,000 new homes a year to keep up with demand, but is […]

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OakNorth Bank provides Pocket Living with £2m loan for working capital to build more affordable homes in London

Friday November 16th, 2018

OakNorth, has completed a £2m loan to Pocket Living to boost the number of affordable homes in London; Pocket Living works with over half of London Boroughs and is set to deliver over 1,000 affordable homes over the next three years; According to a Strategic Housing Market Assessment, London needs approx. 66,000 new homes to […]

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OakNorth Bank to launch lending operation in Manchester as demand for its SME loans in the North of England continues to rise

Monday November 12th, 2018

Since its launch in September 2015, OakNorth has provided loans to several companies based in the North of England, including: Inn Collection Group, Newby, Kexgill, Mabec, Mason Partners and Select Property Group; Its loans have directly helped with the creation of 1,200 new jobs and 2,100 new homes in the North of England, with 9,500 […]

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OakNorth Bank completes £20.7m loan to Fortis Group to develop 387 new homes in Manchester

Monday November 5th, 2018

OakNorth has completed a £20.7m loan to Fortis Group, one of the UK’s fastest growing development companies; The finance will be used to develop hundreds of new homes in Manchester – minutes from Salford Central station – as well as two retail units; All the units have already been pre-sold to individual buyers; Manchester is […]

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OakNorth Bank completes £25m loan-on-loan facility to ICG-Longbow Senior Secured UK Property Debt Investments (LBOW)

Thursday October 18th, 2018

OakNorth has provided a £25m facility to ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) – the London Stock Exchange-listed fund specialising in first mortgage property investment loans secured against UK commercial real estate; LBOW has a market capitalisation in excess of £125m. LBOW’s Investment Adviser, ICG-Longbow, is the real estate division of Intermediate […]

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OakNorth Bank appoints former PRA Director, Martin Stewart, to its advisory board

Tuesday October 16th, 2018

Martin Stewart will join fellow advisory board members, Lord (Adair) Turner, Lord (Francis) Maude, and Nick Lee who was formerly the Head of New Banks at the Bank of England; Martin’s experience will help ensure we can continue building on this positive impact and supporting the SME community, despite potentially challenging economic conditions in the […]

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