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King & Spalding advises on Shariah-compliant real estate refinancing

Posted on 25 January 2010

From Cpifinancial.net: King & Spalding announced today that it represented a Luxembourg-based Shari’ah-compliant real estate fund advised by Pramerica Real Estate Investors in connection with a €16.3 million Shari’ah-compliant refinancing of an Hungarian shopping and entertainment centre.
King & Spalding was responsible for structuring the Shari’ah-compliant refinancing, which was structured on an Ijara-wa-iqtina (lease-to-own) basis with a complex split structure due to the anchor tenant having already entered into a long-term lease…………………Full Article: Source

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