The hotel will be situated at 2-6 Southampton Row in Holborn in a Grade II-listed former Baptist church. It is expected to open its doors early next year. Designed by architect Jacques Garcia and managed by Michael Voigt, will have 40 bedrooms, as well as a bar, restaurant, cafe and conference facilities.
The Reed Smith team, led by finance partner Leon Stephenson and associates Maccailein Campbell, Nicole Abbot and Rebecca Thorpe, advised on the financing of the development of the luxury hotel, supported by Richard Ceeney and Chris Parrott on construction and Jess Hartley on real estate.
Reed Smith partner Leon Stephenson commented: “We are delighted to have assisted OakNorth in this milestone deal that further demonstrates OakNorth’s increasing prominence in the lending market”.
About Reed Smith
Reed Smith is a dynamic international law firm, dedicated to helping blue-chip clients move their businesses forward.
Its long-standing relationships, international outlook and collaborative structure make it a go-to partner for speedy resolution of complex disputes, transactions, and regulatory matters.
Visit www.reedsmith.com for more information, or contact April French (PR Manager) at afrench@reedsmith.com
About OakNorth Bank Limited
OakNorth, the bank for entrepreneurs, by entrepreneurs, is a specialist bank that provides loans to entrepreneurs and fast-growth businesses. Unlike traditional lenders, OakNorth offers loans secured against a range of assets (stock, debtor books, plants and machinery, and intellectual property), rather than just property. It also gives borrowers the chance to meet its Credit Committee (i.e., the decision makers) and pitch to them directly. Its entrepreneurial and transparent approach means that the majority of its deals – from first meeting to disbursement of capital – are completed in weeks rather than months.
The bank was founded in 2015 by Rishi Khosla and Joel Perlman, themselves entrepreneurs who were inspired to launch OakNorth by the challenges they faced when securing finance from high street banks for their previous business.
Visit oaknorth.com for more information.
