Leumi UK supports £165 million South West housing development by Allison Homes
Posted: 06 Oct 2025 | Share
Specialist real estate lender, Leumi UK, is backing Allison Homes’ delivery of a new residential development on a strategic site in South Bristol.
The recently acquired, 26-acre Longmoor site, located in Long Ashton, has outline consent for around 500 homes, including affordable units, and has an estimated Gross Development Value (GDV) of £165 million.
The project is being funded through a combination of private equity from Allison Homes and a bespoke five-year debt facility from Leumi UK.
The lender said its decision to support the scheme was based on both the strength of Allison Homes as a developer and the fundamentals of the site, including its location, local amenities and transport links to the city centre.
It also highlighted Bristol’s position as the South West’s largest city and a growing business hub attracting professionals to the area, set against a clear undersupply of quality housing, particularly in urban locations such as Longmoor.
Guy Brocklehurst, Relationship Director at Leumi UK, said: “This transaction exemplifies Leumi UK's relationship-led approach and sector-specific expertise. Few lenders can structure such a flexible facility that evolves from land acquisition through to peak development funding – tailored to the client’s specific needs.
“We’re proud to grow our reputation as a trusted finance partner in the housebuilding sector, and the team is thrilled to support Allison Homes in delivering one of the region’s most important residential developments, playing a role in shaping a vibrant new community for Bristol.”
The Longmoor site is expected to generate substantial economic and social benefits. According to the Home Builders Federation, the scheme could support around 1,772 jobs, create 21 apprenticeships or traineeships, nearly £23 million toward affordable housing, £3.2 million in infrastructure contributions and £459,000 in local sport and leisure spend.
It sits within a key regeneration zone that includes the Ashton Gate Sporting Quarter and the wider South Bristol development agenda, with investment support from both Bristol City Council and the West of England Combined Authority (WECA).
The development will serve as a strategic anchor for Allison Homes in the South West and marks a key step in the housebuilder’s five-year plan to double output across its regions. The firm’s new West of England office is also now in operation.
Ian Trinder, Chief Financial Officer for Allison Homes, said: “Securing the Longmoor site represents a transformative moment for our South West business. Its scale, location, and potential make it a cornerstone of our expansion in Bristol and beyond, providing a platform to grow our presence and impact in the region.
“With a strong SW team, led by Managing Director Glyn Mabey, we look forward to progressing this development and delivering high-quality homes that the city urgently needs.”
He added: “We are also delighted to have the support of Leumi UK, whose backing has been invaluable throughout the process.”
Allison Homes will submit its Reserved Matters planning application for the development in Autumn and will be holding a public consultation from 17th September – 8th October.