The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Islamic finance awards 2013: King's Reach Tower financing

Best real estate deal
Lead managers:
ABC International Bank, Jadwa, Mohammed Al Subeai & Sons Investment Co The financing for the redevelopment of King’s Reach Tower in Southwark, London, was the most notable cross-border Islamic real estate transaction in 2012. Financing involved a senior £100 million ($160.6 million) facility and a £145 million mezzanine tranche.

This is a refurbishment on an unfamiliar scale: it includes adding six storeys to the tower, which has been empty since 2007. Backed by a joint venture between Saudi Arabia’s Jadwa Investment and London developer CIT, and with club financing from a consortium of Middle Eastern banks and investors led by ABC International, it marks the entry of Saudi investors into the UK market through Shariah-compliant funding for a mixed-use development in London.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree