PwC advises Mercia Real Estate on £63m refinancing to support future industrial developments
February 2026
PwC's Real Estate Debt Advisory team has acted as lead advisor to Mercia Real Estate in securing a new £63m financing package provided by Bank Leumi and Martley Capital. The facility will support the refinancing of existing debt and create a platform for future high-profile defence related new industrial developments.
Established in April 2018 and headquartered in Birmingham, Mercia Real Estate is an industrial-focused investor, asset manager and facilities management provider. The business specialises in active portfolio management and property development, with a strong reputation for acquiring secondary and tertiary industrial assets predominantly occupied by traditional manufacturing and blue-collar businesses.
PwC was appointed as lead advisor to run a competitive financing process, working closely with Mercia Real Estate to structure and execute a solution that aligned with the company’s long-term strategy. The team leveraged its deep real estate and lender market expertise to identify suitable institutional funding partners and deliver an attractive and flexible financing outcome.
“We are pleased to have successfully completed this refinance and partnered with our new lenders for the delivery of our strategy. We are thankful to the PwC team for running a competitive process that gave us the confidence of having an attractive financing solution.”
“We are delighted to have helped identify and execute a refinance that provides our client with a platform for the next phase of their strategy. The institutional lending partners recognised the strength of the track-record of the Mercia Real Estate team to deliver first class industrial repositioning and development.”
For more information, please contact Alastair Carmichael, Senior Advisor, or Chad Monerville, Senior Manager, PwC Real Estate Debt Advisory team.
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