Called Concreit, this platform focuses on acquiring and stabilising industrial, outdoor storage sites across the UK.

This has seen it selectively dispose of 12 of its 35 sites over the past six months while developing its pipeline.

Blomfield Partners leads on-the-ground execution for these sites while TPG Angelo Gordon has already been expanding its investment in this spade throughout Europe.

BBS Capital acted as sole adviser on the transaction.

"We are delighted to support TPG Angelo Gordon and Blomfield Partners as they continue to scale what is a high-quality IOS platform in Concreit,” said Gez O’Sullivan, relationship director at Leumi UK (pictured above).

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“This facility reflects our conviction in the long-term fundamentals of the sector, and demonstrates our ability to structure financing that flexes with the growth ambitions of a top-tier team.

“This transaction builds on the strong relationship we have developed with TPG Angelo Gordon and Blomfield Partners [over the past few years] and underlines our commitment to the UK industrial and logistics real estate market."

John Parsons, principal at TPG Angelo Gordon, added: “This transaction marks a significant step in scaling our platform and reflects growing institutional conviction around the IOS opportunity.

“The flexibility and specialist expertise of the team at Leumi UK was essential to bringing this deal to a successful close, and we look forward to continuing to work with them as we execute our ambitious growth plans.”