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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic bank buys Brookes housing block

Posted on 03 November 2010

From Witneygazette.co.uk: An Islamic investment bank which has its headquarters in oil-rich Kuwait, has snapped up a student accommodation block in Cowley for £28.95m. The new building, on the former Territorial Army site at Slade Park, is built around a central courtyard and contains 350 en-suite rooms in apartments with independent kitchens and sitting areas, as well as 24 self-contained studios.
A spokesman for Oxford Brookes University, which will nominate the tenants in the block, said the new building will fulfil an important role as the university is obliged to reduce the numbers of students in privaet rented accommodation……………………………………….Full Article: Source

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