02.10.2012 - Saudi Arabian-UK real estate fund completes GBP 32 mln UK acquisition
Sidra Capital (Sidra), a CMA regulated Shari’ah-compliant financial services company based in Saudi Arabia, together with Gatehouse Bank (Gatehouse), a Shari’ah-compliant wholesale investment bank based in the City of London and regulated by the FSA, have announced the completion of the latest acquisition via their £100 million Sterling United Kingdom Real Estate Fund (SURF) partnership. The newly constructed 74,146 sq ft Market House, in Maidenhead, UK, was acquired for GBP 32 million, and will significantly contribute towards the funds' targeted return of seven per cent per annum...............................................Full Article: Source
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