OakNorth has granted a £3m loan to Mayfair Group Investment, a developer, investor, and manager of healthcare, commercial, and residential property. The funds will be utilized for the development of the group’s new three-storey, Harehills Medical Centre in Leeds, which will encompass a GP surgery, retail pharmacy, and a 35-space car park.
Rohin Dhand, founder and CEO of Mayfair Group Investment, stated, “We believe property development is about understanding and appreciating how buildings work and fit within their communities and what their end users want. Since our launch over a decade ago, we’ve been passionate about developing high-quality medical centers that transform the lives of patients and help practices deliver exceptional services, with our latest project along Harehills Lane fully encompassing this approach.”
Dale Cowdell, director of debt finance at OakNorth, commented, “With a wealth of knowledge working in the UK’s real estate and healthcare markets, Rohin and his team have extensive experience in delivering high-quality residential, commercial and medical sites across the full breadth of the country. As a result, this new site is set to be a vital part of the local community in Harehills and we’re delighted to support Mayfair Group Investment with the project.”
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