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Shariah compliant property purchases allow Gulf investors to buy into Britain

Posted on 13 May 2011

Gatehouse Bank plc, the City of London-based wholesale investment bank, has acquired a 541,962 sq ft core manufacturing and logistics facility in Glasgow, Scotland which is let to Rolls Royce plc. The deal was worth £52.7m and was completed using a Shari’ah compliant structure.
The site was bought in a corporate purchase from a fund managed by Evans Randall, the privately held UK investment banking and private equity group. The sellers were advised by Davenport Lyons. Financing for the transaction was provided by Helaba, who were advised by Taylor Wessing………………………………………Full Article: Source

 
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