22 October 2017
ADVERTS

Rosette bank invests £50M in a property portfolio

07 August 17 - RE+D Magazine
Rosette bank invests £50M in a property portfolio

DEALS

DATE BUYER SELLER
19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

STOCKS

INDICES

MARKET WATCH

COMPANIES

Solum Property Solutions

Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Rosette, a London based Sharia compliant merchant bank specialising in real estate, led the acquisition of the five property portfolio for a consideration in excess of £50 million.

 

All five of the properties within the portfolio are leased to Marks & Spencer Plc until March 2027 and benefit from annual fixed rental uplifts.

The five locations are all regarded as well performing stores for M&S and are outside of the recently announced estate review programme. Sam Broadhead, acting CEO of Rosette, said: "We are pleased to have completed this significant transaction which was the first in the UK for our Qatari partners.

It is testament to the tenacity and diligence of the Rosette investment team and all professional advisors involved that we were able to conclude this acquisition given the complexity of the structure involving multiple jurisdictions and both Islamic and conventional finance.

This is exactly what Rosette does; our clients are our partners and we serve to give them a presence in the UK and European markets that they would not otherwise have".

Comments

You must be logged in to make a comment
WAVE MEDIA OPERATIONS IKE © 2001-2017
Internet Business Hellas