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February 24, 2024
PI Global Investments
Finance

Beaverbrook estate in Surrey Hills secures £52m loan from OakNorth


OakNorth Bank has provided a £52m loan to Beaverbrook, a country house hotel in the Surrey Hills, to help refinance its existing facilities and look towards expansion.

The 470-acre Victorian estate is home to a 57-room hotel with four restaurants, two bars, tennis courts, a spa and a private cinema.

It’s now eyeing a stronger luxury accommodation offering with the launch of a Victorian village and five-bedroom private house.

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

Joel Cadbury, co-founder of Beaverbook Holdings Limited, said: “We’re grateful to the team at OakNorth who have built an in-depth understanding of Beaverbrook.

“As a founder-led business, they truly understand what founders like me are looking for in banking partners.

“We’re delighted to have refinanced our debt on terms that reflect the maturity of our business and the completion of development works.”

Deepesh Thakrar, senior director of Debt Finance at OakNorth, added: “Beaverbrook is a phenomenal business backed by incredibly successful, experienced, and proven founders.

“They proved their resilience and commitment through Covid, managing to build a highly profitable business in a highly competitive space.”

Read more – South East real estate investors and developers to meet in Leeds for UKREiiF



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