Login

ADIB agrees £20m Islamic financing

Abu Dhabi Islamic Bank (ADIB) has arranged a £20m structured Islamic financing transaction to fund the development of Westbourne House, a prime 1980’s commercial property in Central London combining office and retail space.
By James Buckley
October 30, 2013 | 4:00 P.M.

The deal marks ADIB’s debut in London’s real estate market at a time when the British government is promoting the city as a centre for Islamic finance. British Prime Minister David Cameron told a gathering of political and business leaders on Tuesday that he wanted London to “stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world”.   

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In