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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