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]

Alchemy-backed Inn Collection Group plans to more than double the size of its portfolio to 21 sites by 2022 following £10m loan from OakNorth Bank

Tuesday January 8th, 2019

OakNorth has provided Northumberland’s largest independent accommodation provider, The Inn Collection Group, with an additional £10m funding package to support its expansion; This is the second loan OakNorth has provided to the group – the first was in June last year enabling the business to open two new sites, bringing its total portfolio to nine […]

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Groveworld acquires a major mixed-use development site in King’s Cross supported with over £50m financing from OakNorth Bank and ASK Partners

Thursday December 13th, 2018

OakNorth and ASK Partners have provided a combined facility of over £50m. OakNorth’s contribution makes it the lender’s largest transaction since it launched in 2015; Groveworld, the experienced developer and planning specialist, will seek to obtain planning permission for a major mixed-use scheme which is likely to deliver a significant amount of new homes, including […]

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OakNorth Bank completes £40m development loan for 129 new homes in London Borough of Wandsworth to property developers backed by Orlandis Capital

Thursday November 22nd, 2018

OakNorth has lent £40m to Earlsriver Ltd – a joint venture between experienced property developers, Chris Mason and Raj Sond, and Orlandis Capital; RS Property Finance provided a further £4.4m of debt, whilst Orlandis has invested £16m of equity – totalling £60m; The capital will be used to develop 129 homes (including 24 affordable units) […]

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OakNorth Bank launches market-leading 9-month fixed term deposit account offering 1.85% as its savings customer base passes 30,000

Tuesday November 20th, 2018

The bank is offering a table-topping rate of 1.85% on its 9-month fixed term deposit account – a product that is only available from two other providers in the market; The UK’s largest banks continue to offer pitiful returns – 0.77% on average for 12-month fixed term accounts offered by the five main high-street banks[1] […]

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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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