The OakNorth newsroom

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

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OakNorth Bank completes largest deal to date for development of luxury hotel in central London  

Tuesday June 5th, 2018

OakNorth has completed a loan of £21m for the development of a new 40-bedroom luxury hotel in Holborn – L’Oscar; In addition to the £21m being provided by OakNorth, RM Funds is lending a further £3m; OakNorth was introduced to the deal by Stonehouse Finance.   OakNorth – has completed its largest deal since launching […]

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UK businesses losing over £537m in interest every year by leaving savings with the big five banks rather than a challenger

Monday January 29th, 2018

  SMEs in the UK currently save £66.6bn in deposit accounts[1], of which 74% (£49.3bn) is held with the big five banks[2]; These banks provide an average rate of 36%[3]compared to the average rate being offered by the top 10 ‘challenger’ banks of 1.45%[4]; This is a difference in interest of 1.09%, equating to a […]

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OakNorth Bank lends £2m to Warwick Estates to assist with the property manager’s ‘buy and build’ strategy  

Friday January 19th, 2018

OakNorth has lent £2m to Warwick Estates – the established property management business which manages over 850 sites, encompassing 27,500 units; The debt finance will assist the company in its ‘buy and build’ strategy as it looks to acquire other property management businesses and develop as a market leader in a fragmented market; Warwick Estates […]

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OakNorth Bank completes £22m loan to Newby for a major new residential scheme in York

Thursday January 11th, 2018

OakNorth has lent £22m to Newby – the mix use property developer with a potential portfolio of over £300m; The loan has been used to acquire a vacant office building in the centre of York with permitted development rights for a 77-unit scheme. The GDV of the proposed development is £40m and construction is due […]

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OakNorth Bank lends £20m to group behind Brasserie Blanc enabling the business to open 24 new sites and create 700 new jobs

Wednesday July 19th, 2017

OakNorth and Brasserie Bar Co Ltd – which consists of Brasserie Blanc and the White Brasserie Company – have completed a debt finance deal worth £20m; The capital will enable the restaurant and pub group, which specialises in French cuisine, to open 24 new sites over the next five years and create an additional 700 jobs; […]

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

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