ASK provides £56.2m development loan with OakNorth

ASK is delighted to have provided a £56.2m senior development loan with OakNorth Bank to RE Capital for a mixed-use scheme in Clerkenwell, which comprises a new 153-bed hotel and 18,700 sq ft of contemporary grade A office space.

Daniel Austin, CEO and Co-founder of ASK said:

“Having funded a number of hotel and office schemes in 2021, we are fully confident in the recovery of both these markets post-Covid, as the current take up of office space and steady rise in hotel occupancy proves.”
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