Shawbrook Bank backs Kings Oak Capital with £26 million package

Shawbrook Bank will back Kings Oak Capital with a finance package worth £26 million to aid in a Slough office building’s reconstruction. 

Slough Borough Council’s former High Street contact centre is undergoing a transformation by property developer Kings Oak Capital. Landmark Place, which used to house the council’s MyCouncil customer drop-in centre, is being redeveloped into 89 apartments with work due to complete by the end of 2022. A mix of studio, one-bed and two-bed flats will be listed from £260,000.

This is the developer’s largest project to date. The firm, run by brothers Deepak and Sumeet Khullar, specialises in the conversion of former office spaces and recently completed a 73-apartment scheme in Harrow, and a 40-unit project in Staines