ADIB provides Dhs320m financing for London healthcare facility, logistics hub in Edinburgh

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has provided through ADIB UK a combined Dhs320 million (£66.6 million) Sharia’a-compliant structured financing for a private Abu Dhabi-based client to refinance a Dhs900 million (£187.7 million) prime central London healthcare facility and a private Bahrain-based client for the acquisition of a Dhs55 million (£11.5 million) logistics hub in Edinburgh.

The London property comprises one of the most established private healthcare facilities in the UK capital and is operated by an international healthcare group. The Edinburgh property, let to Royal Mail, consists of a distribution warehouse and office facility extending to 94,323 sq.ft situated in the Scottish city’s premier industrial location, South Gyle Industrial Estate.

Paul Maisfield, Head of UK Real Estate at ADIB UK, said: “We are delighted to have been able to support our clients with highly-structured financing solutions that meets their specific requirements in real estate finance, secured against a strong income-producing, high-quality assets in London and Edinburgh.”