Ankor agrees refinancing and sets sights on £100m+ JV

Ankor cube portfolio

The company is looking to form joint venture with Far Eastern investors to raise war chest of at least £100m.

The company has agreed a £17.5m refinancing package with OakNorth that is secured against Ankor’s The Cube portfolio, consisting of two purpose-built student blocks in Ealing and Greenwich.

The new facility, agreed at 65% loan-to-value and 4.5% plus LIBOR, replaces development funding from Octopus and represents OakNorth’s first foray into the student accommodation sector.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue