The largest asset within the portfolio is 33 Manor Place (pictured above), a newly refurbished Grade II-listed complex comprising the Manor Place, Wash House and Bath House buildings and located close to both Kennington and Elephant & Castle tube stations.

The asset totals 22,461 sq ft in total and is fully let to Palace Skateboards, which has invested “significant capital” into the fit-out of the buildings.

The site, formerly a Victorian swimming baths complex, has been transformed into a creative and events destination as part of a commercial collaboration with Nike.

The second asset is a corner office building in Fitzrovia that is currently let to multiple tenants and has planning consent to add an additional floor and undertake a comprehensive refurbishment programme.

The final asset is a specialist commercial unit let to a telecommunications provider and located near Acton Central station.

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The property serves as a switch centre for the whole of the Acton area.

Sterlet was advised by Brotherton, which provided support to both parties throughout the transaction.

Sterlet commented: “Leumi UK took a pragmatic and collaborative approach throughout the process, working constructively with us to deliver a tailored financing solution that aligned with our objectives.

“We look forward to working together as we implement our business plans across the portfolio.”

Marcus Booth, associate director at Leumi UK, added: “It has been a pleasure to work with Sterlet, which has an excellent track record of acquiring and developing differentiated properties with strong fundamentals.

“This transaction demonstrates our commitment to working closely with our partners, and to delivering tailored, highly flexible financing structures that meet our client’s individual goals.”