The four-storey site will be fully refurbished and will consist of four one-bedroomed apartments, offering new kitchen and bathrooms for residents, as well as two floors of modern office space, located on the ground floor and basement.
The project is being led by Parag Sawheny, founder and managing partner of Penn South Capital, and Yoni Karako, founder of Courtier Capital.
- B&C Awards 2024: The Video
- OakNorth funds £64.5m office portfolio refinancing
- OakNorth completes £1.47m loan for Starbucks drive-thru and two EV charging points
Priya Chauhan, director of debt finance at OakNorth, commented: “Both Yoni and Parag are industry stalwarts with very successful track records, and we’re delighted to fund the acquisition and redevelopment of their Fitzrovia site.
“We look forward to watching the development take shape over the coming months, as well as supporting Yoni and Parag on future projects going forward, as they look to build out their UK portfolio.”
Leave a comment