Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, provided through ADIB UK a sharia-compliant financing worth AED 320 million (GBP 66.6 million) to a private Abu Dhabi and Bahrain-based clients.

Through the funding, the Emirati client will refinance AED 900 million (GBP 187.7 million) prime central London healthcare facility, while the Bahraini will acquire a logistics hub in Edinburgh at a value of AED 55 million (GBP 11.5 million), according to ADIB’s press release on Wednesday.

The London property, operated by an international healthcare group, comprises one of the most established private healthcare facilities in the UK capital, while Edinburgh property, run by Royal Mail, consists of a distribution warehouse and office facility extending to 94,323 square feet.

In this regard, the head of UK Real Estate at ADIB UK, Paul Maisfield, said: “We expect to witness good growth in our real estate financing business in the UK during 2020. The UK still offers transparency and security that is not available in many other parts of the world. This, combined with sterling remaining weak against the dollar makes the UK an even more comparatively attractive investment proposition.”