OakNorth completes £60m AHH retirement scheme loan

OakNorth is lending £60m to Affordable Housing & Healthcare to develop three retirement schemes in the South West of England. The sites in Wiltshire, Dorset and Somerset comprise 400 homes with a range of communal facilities and services including a convenience store, hair salon, fitness and dining facilities. The homes will be available under shared ownership tenure. Julian Shaffer, chief executive of AHH, said: “With this finance from OakNorth, we will be able to have a positive impact on hundreds of people’s lives and bring some much-needed new affordable retirement communities to these counties.” Matt Leahy, director of debt finance