OakNorth Bank Reports £5.6 Million Loan to Convert Vacant Pub and Hotel to Mixed Use
February 22, 2021 @ 9:14 am By JD Alois
OakNorth Bank says it has completed a £5.6 million loan to convert vacant pub and hotel, Antigallican Hotel, in Charlton into a mixed-use building with 60 studio apartments. The loan was made to
Gallican Investments Limited, which is led by the team behind
Dandi founded by
Max Saidman, Associate Director of Debt Finance at OakNorth Bank, commented:
“Charlton is going through a huge regeneration phase and is becoming an attractive location for young professionals and families. It benefits from being a stone’s throw from Canary Wharf and Greenwich Village, whilst still offering residents the suburban experience. I am excited at having the opportunity to work with Dandi with Ali who has been in real estate for 34 years, so brings a wealth of experience to this project. He and his team have successfully completed several large-scale residential devel