Trowers & Hamlins advised the customer on a commodity Murabaha-based refinancing of One Silk Street, a prominent commercial property in the City of London.
The transaction takes on added significance following recent success in securing planning approval from the City of London for a major redevelopment at the property, cementing the asset's status as one of the most exciting and strategically important properties in the heart of London.
With the firm's well-established track record in all Shariah-compliant related transactions in the UK and across the Middle East and Asia, Trowers & Hamlins is ideally placed to navigate and advise on this mandate.
Coupled with the firm's strong real estate offering, the team delivered comprehensive advice across all aspects of this refinancing, drawing on deep experience in the UK property market. The team's familiarity with institutional-grade assets ensured the real estate workstreams were executed seamlessly alongside the Islamic finance elements.
Trowers' teams advising the customer comprised of the Banking and Finance team led by Nicol Ong (Partner), supported by Jian Jie Phang (Senior Associate) and Skylar Yeo (Associate) and the Real Estate team led by Sam Folley (Partner) supported by Shivana Sood (Associate).
