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Industry

Leumi UK signs £49m loan for Covent Garden hotel

UK: Bank Leumi UK has completed a £49 million development loan to Manex Properties to finance the conversion of Drury House, a former office building in Covent Garden. The bi-lateral facility its a joint endeavour between Leumi UK and its parent group in Israel.  Manex Properties is a joint venture
Movers and Shakers

Leumi UK appoints CEO

UK: The London-based subsidiary of Israel’s international bank Leumi has appointed Mickey Schiller as its CEO, succeeding Gil Karni. Schiller has over 20 years of experience in financial services and the technology industries, with a passion for strategy, business development and management.  He recently served as executive vice president, chief
Hotel

Clydesdale Bank and Leumi UK partner for hotel refinancing

UK: Clydesdale Bank and Leumi UK, the London branch of a major Israeli bank, have announced their cooperation on refinancing for 100 Queen’s Gate Hotel. The two banks agreed to a 50:50 deal to provide additional liquidity for the owner-operator of the property, London Kensington Hotel Ltd. Formerly the Kensington
Hotel

Leumi completes £27m refinance for Grand Hotel Birmingham

UK: The five-year facility will help finance the opening and stabilisation costs of the Grand Hotel, which was acquired in 2017 by Starwood Capital Group. The deal marks Leumi’s first transaction involving funds managed and controlled by Starwood Capital. Currently, Starwood has in excess of $73 billion of assets under
Hotel

4C Hotel Group closes £65 million deal for UK’s first Canopy hotel

UK: Leumi UK, the London-based subsidiary of the Israeli international bank, has agreed a four-year loan with the group to fund the development 342-bedroom Canopy London City, scheduled to open in March 2021. The hotel will form part of the £76 million Minories development in Aldgate, which is overseen by