£33m loan to bring forward 483-bed Nottingham student village
Bank OakNorth has completed a £33m deal with Mabec Property, the developer backed by Toscafund and Penta Capital.
The finance will be used to convert the former site of Radford Mill on Ilkeston Road into 483 bed spaces for student and young professional housing units. Built at the turn of last century, Radford Mill has unoccupied for many years.
Oaknorth says the aim is to retain the mill as a centre piece to a residential “village” on the 1.5-acre site. The scheme would comprise of 106 cluster beds, 233 studios, 25 one-bed... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...