Email: info@franchise.ae
 
Search Business Opportunities
Jun, 12 2018

ADIB Structured Sharia Complaint Transaction to Finance UK

Lateral House is a modern office building, which provides 95,317 square feet of commercial office space, set over ground and four upper floors.

ADIB Structured Sharia Complaint Transaction to Finance UK

Abu Dhabi Islamic Bank (ADIB), UK has gathered and structured a Sharia-compliant transaction to finance the UK based Lateral House for Dh118.2 million on behalf of an Abu Dhabi-based private banking client.

Lateral House is a modern office building, which provides 95,317 square feet of commercial office space, set over ground and four upper floors.

Head of Real Estate at ADIB UK, Paul Maisfield, said, “We are increasingly seeing demand from GCC-based investors for the yield provided by regional UK commercial real estate. While London’s long-term property investment story is well-established, cities such as Leeds are growing quickly and have commercial property providing solid rates of return.”

He added that they are planning to expand the operations and range of services in the coming years to handle the growing demand for property in UK from the Middle East.

ADIB is the first UAE-based bank providing Islamic financial services to be licensed to operate in the UK. It opened its office at One Hyde Park in London in May 2012.

ADIB has arranged a structured Islamic financing transaction at the Aztec West Business Park, Bristol, which is for Dh159.4 million and is on behalf of a private Saudi Arabia-based client to fund the acquisition of The Hub.

Comment
User
Email
Star
Address
Related opportunities
  • Mobile & Communication/Internet Connections
    About:  In 2009 Gerardo Taglianetti, founded Phonup  amongst first companies  in..
    Locations looking for expansion -NA-
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size USD 50,000 - 100,000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • Women's clothing
    About: 50 Shades is a venture of Zuhana Exporters Pvt. Ltd...
    Locations looking for expansion -NA-
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size USD 50,000 - 100,000
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater India -NA-
  • Quick Service Restaurants
    A large slice of the industry We use high quality ingrdients..
    Locations looking for expansion -NA-
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size USD 50,000 - 100,000
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • Quick Service Restaurants
    About: Launched in 2012, Chicken Xpress is South Africa's leading brand..
    Locations looking for expansion -NA-
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size USD 100,000 - 500,000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-