Boutique property lender Leumi UK has provided specialist investors Northtree with a £12 million loan to refinance a portfolio of logistics warehousing, light industrial and office assets.
The portfolio consists of 5 freehold assets including 2 logistics warehouses, 1 light industrial business park, 1 self-storage facility and 1 office, all situated across the UK.
In keeping with its ESG-focused philosophy, Northtree has earmarked significant funds to help institutionalise the assets and improve their EPC credentials.
Guy Brocklehurst, relationship director at Leumi UK, said: “This is an excellent opportunity to support an experienced and highly capable management team with an excellent track record. Northtree has extensive in-house capability across Fund Management, Asset Management, Property Management and ESG.”
Chris Ward, director at Northtree, said: “One of the core principles of Northtree’s investment strategy is responsible investment with a focus on value-add potential. In a future where the issue of sustainability can’t be ignored, we’ve continued to demonstrate the profitability of an ESG-focused philosophy. Taking a long-term view on our investments, particularly when it comes to social, environmental and sustainable factors, is imperative if we’re to achieve a sustainable income yield. Leumi’s specialist market knowledge and sectoral expertise was critical in financing the project, and we’re delighted to have partnered with them on this project.”