Posted: 12th February 2021 | Share
“This was the first time we have worked with Leumi UK and we have been highly impressed by the team’s expertise, innovative thinking and personal yet professional service."
In January 2020, Leumi UK closed a £27.5 million deal with property developer Oranim Group to refinance two residential blocks located at 20-22 Quebec Way. The development comprises 83 flats in Canada Water and will take place over a five-year term.
Woodland Views represents Oranim Group’s most recent investment in the UK and demonstrates its commitment to the UK property market.
Commenting on the deal, Andy Mallin, CBO at Leumi UK, said: “This deal is the first to follow a series of strategic changes across our Property Finance business line and marks a significant step forward for the team. We’re thrilled to be involved with such a promising deal and look forward to many more to follow as we grow our activity in various areas within the UK property sector.”
Gez O’Sullivan, Relationship Manager, Property Finance, added: “The Canada Water development is a high-spec property with a developer who is well-known to the Leumi Group. Oranim is a strong relationship client of the bank and we look forward to further collaboration moving forward.”
Menachem Oren, CEO of the business, comments: “This was the first time we have worked with Leumi UK and we have been highly impressed by the team’s expertise, innovative thinking and personal yet professional service. The Woodland Views project is an important part of our portfolio and we are delighted we now have a trusted partner that we can turn to on similar deals in the area moving forward.”
With a well-established reputation in a range of construction and investment projects, Leumi UK’s Property Finance department takes pride in its close relationships with developers and investors to facilitate both the construction and refinancing of residential, mixed-use and commercial property, student accommodation, care homes and retirement living projects. The team has a particular willingness to fund modular methods of construction, with a focus on providing affordable housing for the local community.