bank leumi

Bank Leumi UK agrees £27.5m deal with Oranim Group

Bank Leumi UK has signed a £27.5m refinancing deal for a five-year term with property developer Oranim Group for the latter’s Woodland Views scheme.

The development consists of 83 flats across two residential blocks in Canada Water.

Woodland Views represents Oranim Group’s most recent investment in the UK.

Andy Mallin, CBO at Leumi UK, said: “This new deal is the first to follow a series of strategic changes across our property finance business line and marks a significant step forward for the team. 

“We’re thrilled to have kicked off 2020 with such a promising deal and look forward to many more to follow as we grow our activity in various areas within the UK property sector.”

Menachem Oren, CEO at Oranim Group, commented: “The Woodland Views project is an important part of our portfolio and we are delighted we now have a trusted partner that we can turn to on similar deals in the area moving forward.”

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