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Trowers & Hamlins advised Grosvenor House Appartments Limited on £112m refinancing deal

Trowers & Hamlins advised Grosvenor House Appartments Limited on £112m refinancing deal

Advising Grosvenor House Apartments Limited on refinancing its debt structure using Shari'ah compliant financing

Trowers & Hamlins advised Grosvenor House Apartments Limited on refinancing its debt structure using Shari'ah compliant financing. The refinancing involved putting in place a revolving murabaha facility which involved a series of commodity based murabaha contracts. This is one of the first murabaha contracts which have been used to finance a large property purchase.