The OakNorth newsroom

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

For press enquiries, please get in touch with our agency at [email protected]

OakNorth Bank lends £16.7m to family-run Westcombe Group for new developments in Isleworth and Northwood

Tuesday March 5th, 2019

OakNorth has completed a transaction with Westcombe Group, a leading property developer established for over 50 years focused on luxury developments in London; The finance will be used to develop several residential properties in Isleworth in the London Borough of Hounslow and Northwood in the London Borough of Hillingdon; The properties will be focused on […]

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OakNorth, Europe’s most highly-valued fintech, and ClearBank®, the first new clearing bank in 250 years, announce strategic partnership

Monday February 25th, 2019

OakNorth, which has lent over £2.7bn to businesses across the UK, has today announced a strategic partnership with ClearBank®. The business will leverage ClearBank®’s platform to provide highly scalable real-time payments and agency banking services. OakNorth will start off by using ClearBank®’s real-time Faster Payments infrastructure, allowing for instant payments. Amir Nooriala, COO of OakNorth, […]

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OakNorth Bank completes £35.4m loan to Union Developments for major new residential-led mixed-use scheme in North West London

Tuesday January 22nd, 2019

The finance will be used to develop a mixed-use scheme in Dollis Hill comprising of 113 residential units (including 24 affordable homes) and over 6,300 sq.ft. of commercial space; The area is famed for its rich history with the British Post Office Research Station which was the home of technological breakthroughs such as Ernie and […]

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OakNorth Bank lends £2.8m to hoteliers Simon Rhatigan and Simon Kershaw to launch new hotel brand, starting with a 59-bedroom hotel in Scarborough

Tuesday January 15th, 2019

The loan will partially finance the acquisition of an existing hotel and fund its conversion into a 59-bedroom boutique hotel; The new hotel brand – Bike and Boot – will provide a modern leisure escape with funky interiors, a range of unique facilities, and affordable prices; The experienced duo plan to open four hotels under […]

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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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The OakNorth newsroom

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

For press enquiries, please get in touch with our agency at [email protected]

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