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OakNorth Bank completes first fund buy-out deal to FORE Partnership

Monday 4 May 2020 12:38 CET | News

UK-based bank, OakNorth has completed its first fund buy-out deal, providing financing to FORE Partnership, a real estate investment company.

The capital should support the buy-out of Edmond de Rothschild Real Estate Investment Management’s 32% minority interest in the business. The UK Bank states that the capital is expected to offer FORE with the ability to maintain its business amidst the crisis and strengthen its approach towards real estate investment.

FORE, established in 2012, purchases mispriced and undermanaged assets in central locations and reposition them by enhancing cash flow from lease restructuring.

Recently, OakNorth has applied to join the CBILS – the British Business Bank’s Coronavirus Business Interruption Loan Scheme – and is currently waiting for approval.


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Keywords: OakNorth Bank, FORE Partnership, buy-out deal, investment, Edmond de Rothschild Real Estate Investment Management, UK, CBILS, coronavirus, COVID-19
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
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Banking & Fintech






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