Real estate lender Leumi UK has provided a £37.1m loan to Kier Property for the acquisition and development of two multi-let light industrial assets in St Albans and Bognor Regis.
In St Albans, Kier Property will deliver a 10-unit scheme totalling 55,513ft² under its Trade City brand, with unit sizes ranging from 4,350ft² – 6,550ft².
The site, now cleared to slab level, will be built to institutional-grade specifications, including EPC ‘A’ and BREEAM ‘Excellent’ ratings, with completion targeted for May 2026.
In Bognor Regis, the consented scheme will provide 11 industrial units under its Trade City and Logistics City brands ranging from 3,500ft² to 53,000ft² in size, with the overall development totalling 204,993ft².
Completion is targeted for November 2026 with final contractor negotiations underway.
The completed units will feature haunch heights of up to 10m, floor load capacities of 50kN/m² and will similarly be delivered to EPC ‘A’ and BREEAM ‘Excellent’ specifications.
Kier Property’s group managing director, Leigh Thomas, said: “Leumi UK’s responsiveness and flexible approach were integral to getting this deal over the line.
“The team’s collaborative mindset and sector-specific expertise ensured we could move quickly and decisively.
“We’re excited to deliver two best-in-class developments that will meet the urgent demand for high-quality industrial assets in St Albans and Bognor Regis.”
