16.08.2012 - BLME offers funding to UK property developers
Bank of London and The Middle East , the largest fully Islamic wholesale investment bank in Europe, has announced the completion of six property development deals bringing their UK property portfolio to over £200m. The largest of the deals, with a financing facility of £16m, was with Audley Ltd, a specialist provider and manager of luxury retirement villages across the UK. The facility will be used to finance the construction of 95 one and two bedroom apartments and redevelopment of three existing properties as part of a new retirement housing development Edgbaston, Birmingham. (Press Release)