Oakman Property Ltd, the new owner of the historic Royal Foresters pub site in Berkshire, is seeking to raise £2.5 million through the Downing Bond platform.
Multi-award winning Oakman Inns & Restaurants (“Oakman Inns”), the new management behind the Royal Foresters pub site, is embarking on a total renovation and refurbishment of the existing site into a high-quality pub restaurant with letting rooms, subject to obtaining the necessary planning permissions. Oakman Inns has committed to invest £3.5m in developing the site, subject to planning permission being received.
Downing already has a strong relationship with Oakman Inns, having previously raised £4.47m through the Downing Bond platform for other sites managed by Oakman Inns, including The Akeman in Tring, Hertfordshire, and more recently a Grade II listed pub restaurant renovation in Olney, Hertfordshire.
Oakman Inns manages an estate of 18 trading pub restaurants located across the Home Counties and Midlands, and in 2017 was voted eighth best company to work for in the UK by the Sunday Times in the mid-size category. The company has a well-established history of creating attractive venues with great service and delicious high quality food and drink, while also engaging with sustainability efforts in the wider local community.
Peter Borg-Neal, Founder and CEO of Oakman Inns and Director of Oakman Property Limited, commented: “It’s a privilege to be able to breathe new life into the historic Royal Foresters site that was once at the heart of the local community. Bond investors are helping make this a reality and we are excited to be working again with Downing on this latest project. We’ll also focus on creating local jobs along the way and helping with the community’s wider sustainability efforts, highlighted by our top rating from the Sustainable Restaurant Association.