Druces has advised the Bank of London and The Middle East plc (BLME) on its successful Sharia’a compliant refinance of a £6 million London property for a high-net-worth private client. This was led by Real Estate Partner, Gemma Wright, and Corporate Senior Associate, Claire Rigby alongside Hatstone Lawyers in Jersey.
Gemma Wright, Partner, said: “We are pleased to have worked with BLME and Hatstone on this transaction. Druces’ team brings wealth of experience in Sharia’a compliant work and, with the increased demand from Middle Eastern investors into London, and the UK generally, we look forward to working with BLME on future investments.”
Bella Ward, Group Partner at Hatstone, said, “We are delighted to have advised BLME and worked again with the Druces’ team on this innovative transaction. It was a great opportunity to showcase the advantages of using Jersey property holdings structures in these types of financing and refinancing transactions.”
For further information on our Islamic Finance and Real Estate services, please speak to your usual Druces contact or get in touch with: