CMS advises ADIB (UK) on Shariah compliant financings in London and Edinburgh worth in excess of £65 million

International law firm CMS has recently advised Abu Dhabi Islamic Bank (ADIB UK Limited), a leading Shariah compliant financial institution based in London, on a combined £66.6 million of Shariah compliant structured financing for a private Abu Dhabi-based client to refinance a £195 million prime central London healthcare facility and the financing of a private GCC-based client’s acquisition of a £11.5 million logistics hub in Edinburgh.

The London property comprises one of the most established private healthcare facilities in the UK capital and is operated by an international healthcare group.

CMS’ Head of Islamic Finance Shakeel Adli, who led the CMS team comments: “We were extremely happy to have assisted ADIB (UK) on two high profile, large and complex transactions. These deals demonstrate not only that ADIB (UK) has a strong presence in the Capital but also the continued appetite for London real estate from foreign investors as well as a continuation of the trend for investments into the regions and Scotland in particular.”

Paul Maisfield, Head of Real Estate at ADIB UK, said: “We are delighted to have been able to support our clients with highly-structured financing solutions that meet their specific requirements in real estate finance, secured against strong income-producing, high-quality assets in London and Aberdeen.”