The first facility, a £12.3m loan, enabled the acquisition of a mixed-use retail and office asset in Oxford city centre in a deal completed by NPH Red Oak — a joint venture platform between NPIM and Hay Wain Group.
This was the second deal for the platform to date.
The second loan, for £5.89m, was provided to NPIM for the acquisition and upgrade of an industrial premises located on the Aztec West Business Park in Bristol.
Comprising two adjoining units that are fully let, NPIM is working with tenants to upgrade energy efficiency following the acquisition.
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“These are two very different assets, but on each occasion the Leumi UK team demonstrated a clear understanding of the unique sector dynamics and worked quickly to get the deals over the line,” said Graeme Dornan, chief investment officer at NPIM.
“We look forward to progressing our plans to maximise value at each site.”
Nick Westoby, Relationship Director at Leumi UK, commented: “NPIM is a well-established and respected investor and developer in the UK, so we were delighted to agree not just one, but two deals with the company.
“We worked hard to deliver bespoke solutions that met the priorities and ambitions of NPIM, allowing them to implement their business plans at each asset.”
Leumi aims to continue its partnership with NPIM into the coming year, Nick added.
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