Specialist real estate lender Leumi UK has completed two senior loans totalling £44.4 million to Mercia Real Estate to refinance a portfolio of industrial assets across four sites in the Midlands.
This is Leumi’s third transaction in partnership with Martley Capital over the past 12 months.
Martley Capital introduced the transaction and provided a £18.7m mezzanine loan taking the total combined financing to £63.1m.
Leumi UK structured the refinance across two facilities to align with different business plans across the portfolio.
The largest asset in the portfolio is Telford Business Park, which comprises two standing assets and 46 acres of development land with consent to build 935,000ft² of Grade A industrial accommodation across five new units.
Unlocking the development opportunity at Telford Business Park is a key priority for Mercia, and this refinancing is designed to act as a bridge to the first phase of the development of the consented units.
The transaction builds on what was a very strong year for Leumi UK’s property finance team in 2025.
Leumi UK relationship director, Oliver Stenning, said: “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.”
