Leumi UK completes a £22.77 million investment loan to ICG secured against a portfolio of last-mile logistics assets
Posted: 17th October 2024 | Share
Leumi UK announces the completion of a £22.77 million investment loan to Intermediate Capital Group (ICG), secured against a portfolio of last-mile logistics assets located within the M25.
ICG, is a global investment firm with over $101 billion in AUM who’s real estate platform is a leading investor in the European industrial and logistics sector. They acquired the stabilised portfolio benefitting from short term income along with significant future densification and re-development potential. The partnership highlights Leumi UK's commitment to supporting dynamic businesses in the industrial and logistics real estate sector.
Dan Whiteman, Relationship Director, at Leumi UK said: “We delivered a bespoke financing package designed in a way that affords both flexibility and financing stability as the properties move through their respective life cycles. The deal marks the beginning of an exciting new relationship with ICG, a household name in our industry. We're thrilled to have supported them on this transaction."