Ogier in Luxembourg advises Leumi UK on £38 million senior lending facility to Tristan Capital Partners

Ogier's banking and finance experts in Luxembourg have advised real estate lender Leumi UK on its £38 million senior lending facility to Tristan Capital Partners.

The facility will be used to refinance an office building in Reading, UK, owned by Tristan Capital Partners' European Property Special Opportunities 5 Fund (EPISO 5).

Martley Capital Group, in partnership with Glade Capital, also provided a £27 million mezzanine loan, taking the total combined financing for the Reading asset to £65 million.  

The property, known as Campus, Reading International Business Park, was acquired by Tristan in December 2020. Following extensive refurbishment, it won the BCO award for Best Refurbished Workplace in South of England and South Wales. The accommodation totals 385,416 sq ft and comprises Grade A amenity rich office space with excellent ESG credentials.

The Ogier team was led by partner Jad Nader and counsel Delphine Gomes, with support from associates Sylvain Pelloté and Henrique Arcoverde.

"We are delighted to have assisted Leumi UK on this successful financing transaction, which required close collaboration with key stakeholders. We are seeing renewed interest in office space, which is exciting for the real estate sector. With our experienced Real Estate Finance team in Luxembourg, we're well positioned to support clients seeking to maximise the opportunities in this space," said Jad.