Mercia secures £63m Midlands logistics refinancing

9 Feb 2026 | 11:51 | London | by Janaire Einstein Francisco

What Leumi UK and Martley Capital have agreed a £63.1m loan to Mercia Real Estate
Why Funding will refinance a portfolio of industrial assets across the Midlands
What next Deal will act as a bridge to enable the expansion of Telford Business Park

Birmingham-based Mercia Real Estate has secured a £63.1m refinancing package from real estate lenders Leumi UK and Martley Capital.

The funding will help refinance a portfolio of industrial assets across four sites in the Midlands.

Leumi UK has provided two senior loans totalling £44.4m, with its partner Martley Capital agreeing a separate £18.7m mezzanine loan. The transaction marked the duo’s third co-lending deal.

The largest asset in the portfolio is Telford Business Park, which comprises two standing assets and 46 acres of development land. The site has planning consent for a 935,000 sq ft industrial accommodation across five units.

Mercia said the refinancing will act as a bridge to the first phase of development of the consented units.

Sam Clark, chief executive at Mercia Real Estate, said: “We really value Leumi UK’s flexibility, their understanding of our objectives, and their commitment to working closely with us to develop a financing solution that will enable us to achieve our goals with these assets, and unlock the clear value we see at Telford Business Park in particular.

“Leumi UK have been fantastic partners for us, and we look forward to working with them as we progress our ambitious business plan for this portfolio.”

Oliver Stenning, relationship director at Leumi UK, said: “We were thrilled to provide a financing solution specifically tailored to Mercia’s business plan for these attractive assets. It is also pleasing to build on our trusted relationship with Martley Capital, in what is our third co-lending deal. We have extensive experience in the industrial sector, and it is clear these conveniently located assets are well placed to deliver value going forward.”

Tom Tunley, director at Martley Capital Group, added: “We’re delighted to have worked with Leumi UK and Mercia Real Estate on this refinance. This transaction demonstrates our ability to understand clients’ complex requirements and deliver flexible solutions alongside other relationship-driven lenders.”

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