Specialist real estate lender Leumi UK has completed two senior loans totalling £44.4m to Mercia Real Estate, refinancing a portfolio of industrial properties across four sites in the Midlands.
The transaction marks the third deal completed by Leumi UK in partnership with Martley Capital over the past 12 months.
Martley Capital introduced the transaction and provided a £18.7m mezzanine facility, taking the total combined financing to £63.1m.
The refinancing has been structured across two separate senior facilities, reflecting differing business plans within the portfolio. Leumi UK said the approach underlines its flexibility and focus on providing funding structures aligned to borrowers’ requirements.
The largest asset within the portfolio is Telford Business Park, which comprises two standing assets alongside 46 acres of development land. The site has consent for the delivery of 935,000 sq ft of Grade A industrial accommodation across five new units.
Unlocking the development potential at Telford Business Park is a key objective for Mercia Real Estate, with the refinancing intended to act as a bridge to the first phase of development of the consented scheme.
The deal follows what Leumi UK described as a strong year for its property finance team in 2025.
Sam Clark, CEO at Mercia Real Estate, says: “We really value Leumi UK’s flexibility, their understanding of our objectives, and their commitment to working closely with us to develop a financing solution that will enable us to achieve our goals with these assets, and unlock the clear value we see at Telford Business Park in particular.
“Leumi UK have been fantastic partners for us and we look forward to working with them as we progress our ambitious business plan for this portfolio.”
Tom Tunley, director at Martley Capital Group, adds: “We’re delighted to have worked with Leumi UK and Mercia Real Estate on this refinance.
“This transaction demonstrates our ability to understand clients’ complex requirements and deliver flexible solutions alongside other relationship-driven lenders.”
Oliver Stenning, relationship director at Leumi UK, says: “We were thrilled to provide a financing solution specifically tailored to Mercia’s business plan for these attractive assets.
“It is also pleasing to build on our trusted relationship with Martley Capital, in what is our third co-lending deal.
“We have extensive experience in the industrial sector, and it is clear these conveniently located assets are well placed to deliver value going forward.”
