| 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
|