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Leumi UK lends £18.26m to Magnetar for retail portfolio acquisition




Leumi UK has completed a £18.26m senior term loan to Magnetar for the acquisition of three retail assets across Loughborough, Kings Lynn, and Dunfermline.

Magnetar, a US-based alternative asset manager, is a repeat client for Leumi UK and is working with specialist operating partner, Northdale Advisors Limited.

Aidan McKeown, portfolio manager at Magnetar said: “This acquisition is a further milestone in our strategy of investing in dominant, town-centre retail destinations that cater to the everyday needs of their local communities.

“Each asset possesses strong fundamentals, including high occupancy rates, resilient income streams, and a diverse tenant base.


“We are grateful for the continued support from Leumi UK, whose sector expertise and flexibility were instrumental in enabling us to efficiently formulate a sound business plan for this investment.”

Anya Stanislawczyk, portfolio director at Leumi UK commented: “This portfolio presented a highly compelling financing proposition, on account of each of the respective asset’s quality and dominance within their local catchment, in addition to the significant growth potential identified.

“It’s always a privilege to have the opportunity to work with a repeat client, and Magnetar has a track record of successful execution which we are proud to support.”

 

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