Leeds & London lands £1.3m portfolio expansion loan from Santander

Leeds & London Land, a newly-formed Bradford-based property investment company, has secured a £1.33 million loan from Santander Corporate Banking to fund the acquisition of three commercial freehold properties and a car park in Bradford city centre and a fourth commercial property in Hull.

Leeds & London Land was set up by director Zaheer Nazir, who has more than 20 years experience as a residential and commercial property investor.

The commercial properties being purchased in Bradford City Centre are Fraternal House, Elton Lodge and Stonegate House, all of which are fully occupied by long term tenants, as well as Broadgate House Car Park. The property in Hull is Haworth House, which is currently occupied by the RHSM School of Music, Media & Technology.

Current tenants in the Bradford properties include Bradford College and the Bradford Metropolitan District Council Probation Services

Zaheer Nazir, Director of Leeds & London Land said: "Although I have invested heavily in both commercial and residential property in the past, I was keen to extend my commercial property portfolio and this is a good opportunity. I am delighted to be working closely with the team at Santander Corporate Banking, who I have known for some time. I look forward to deepening my relationship with them in the future."

Andrew Russell, Relationship Director for Santander Corporate, Commercial and Business Banking, said: "We are delighted to be able to help Zaheer expand his property portfolio. It is great to work with such a hardworking local businessman. This funding represents an excellent opportunity for Santander to build a relationship with an experienced property investor which will hopefully present further funding opportunities as he continues to expand his portfolio."