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Advisers: Standard Chartered, CIMB, Maybank, Norton Rose, Baker & McKenzie, Wong & Leow
UK real estate has long been a proving ground for Islamic finance outside of the Muslim world.
This year’s Islamic landmark in the UK market involved the redevelopment of the Battersea Power Station on the south bank of the River Thames in London. The iconic building is being redeveloped by Malaysian interests, and in October the financing was put together for Battersea Phase 3 Holding Company.
It is a vast overall project – the backers say it has a gross development value of £7.7
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