Leumi UK has provided a loan to Investec REALIS to support the acquisition and refurbishment of 2 College Square, a 53,000 sq ft multi-let office building in Bristol.
XLB will handle asset and development management.
The office sits in Bristol’s central business district and offers modern office space with flexible layouts.
REALIS and XLB are set to refurbish the property, upgrading the office suites, adding a roof terrace, improving common areas, and upgrading end-of-trip facilities.
The plan is for the building to reach a Grade A standard and meet strong ESG requirements.
Guy Brocklehurst, relationship director at Leumi UK, said: “We are thrilled to start our relationship with two market-leading and trusted partners, Investec REALIS and XLB, on what is our first deal with them.
“This transaction demonstrates Leumi UK’s commitment to delivering bespoke financing solutions promptly.
“This is a high quality asset which benefits from a prime location within Bristol’s central business district, while the sponsors’ refurbishment programme will further enhance its occupier offering.”
Brocklehurst added: “We look forward to supporting Investec REALIS and XLB as they reposition the asset to capture ongoing demand for high-quality office space in the city.”