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Sweet deal: Challenger bank OakNorth lends GBP21m to Strawberry Star for Wandsworth development

07 Sep 2017
Along with a further 4.9m of debt from RM Secured Direct Lending, the firm will use OakNorth's loan to develop 77 residential units with a combined floor area of 56,000 square feet (sq ft).
The Buckhold Road site will also include 24,000 sq ft of “flexible work space” and 2,000 sq feet to accommodate a cafe or restaurant.
“Wandsworth is one of London’s most popular areas and is in desperate need of new homes – the borough requires 18,000 new homes a year until 2025 to keep up with demand,” said Santhosh Gowda, Strawberry Star's property mogul founder and chairman.

Article written by City AM