Shariah funding for a central London student development

Cluttons Investment Management LLP successfully advised a Middle East Investment Bank on a structured, Shariah compliant finance transaction for a high quality student accommodation scheme in Aldgate, Zone 1.

How we helped

Having identified the developer and the project, we guided the client through the entire investment process.

• We secured the client’s position against extremely strong competition.
• We undertook full due diligence and liaised with all advisors on behalf of client.
• We structured a complex loan note transaction in alignment with developer and investor requirements.
• We successfully concluded the transaction.

The outcome

The scheme was specifically designed to cater for the international student market. The new accommodation provides 310 premium quality students rooms in an 18 storey tower, together with 29 student loft apartments and 35,000 sq ft of commercial space.

• The investor is now achieving projected target returns in a Shariah compliant investment structure.
• They are also gaining exposure to high quality Central London Student Accommodation.
• The developer now has an alternative source of equity to assist in development.
• The investor was extremely satisfied with Cluttons Investment Management LLP expertise and keen to participate in further transactions together.