Israeli international bank Leumi鈥檚 UK subsidiary has joined forces with NatWest to provide a 拢76 mln (鈧�88 mln) loan to property developer Galliard Homes to assist with the development of 92 apartments across two blocks in Tottenham Court Road West, London.
The transaction marks the second time both funders have worked together to support Galliard following the financing of their Orchard Wharf development in 2020.
鈥楲eumi UK has worked with Galliard for over 12 years and we have been consistently impressed by the quality of their developments,鈥� said Gez O鈥橲ullivan, property finance relationship manager at Leumi UK. 鈥極nce again, we listened to their needs and structured the facility around what they wanted to achieve. We are delighted to be involved in such a high-profile project alongside our trusted colleagues at NatWest.鈥�
Stephen Conway, chairman and CEO at Galliard, commented: 鈥業n a challenging period for the industry, it has been great to receive the continued support of both Leumi UK and NatWest.鈥�
