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.
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“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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