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Kexgill Secure Finance from Oaknorth

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

Oaknorth Bank has provided a loan to Kexgill to convert four semi-detached houses in Hull into 12 studio flats for students at the University of Hull.

The Newland Park Avenue site is located close to the campus and will feature a newly-built central atrium and shared entrance.

The new development is part of The University Quarter and represents a partnership between the university and Kexgill with the aim to provide students with the highest standard of student accommodation and support, all within a five-minute walk from the campus.

Managing direct of Kexgill, Richard Stott, said: "It was a pleasure to work closely with Hemesh and the team again."

"OakNorth has been hugely supportive in our growth journey so far and never disappoint when it comes to putting together a bespoke finance package for us in the timeframe that we need it."

"The University Quarter forms an essential part of the huge development taking part on and around the campus. Other than units held back the entire Quarter as owned by the group is fully forward let."

Kexgill will use the finance to convert the semi-detached houses, as well as complete a 200-house purchase known as the University Quarter.