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Islamic bank pays GBP53mln for Rolls Royce site

Posted on 06 May 2011

One of Scotland’s best-known manufacturing sites has changed hands in a £53 million deal funded by an Islamic bank. The Rolls-Royce manufacturing and logistics facility at Inchinnan, Renfrewshire, where the aerospace engineer makes parts for aircraft engines, has been acquired by Gatehouse Bank, a wholesale Sharia-compliant investment bank based in London.

The bank paid £52.7m to take the property from a fund run by Evans Randall, an independent investment banking and private equity group. The 17-year lease held by Rolls-Royce is unaffected……………………………………….Full Article: Source

 
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