CastleHill plans £100m shariah-compliant student accommodation fund

CastleHill Capital, a fund with bases in the UK and Middle East, aims to launch its first shariah-compliant UK student accommodation fund in early 2015. The fund is part of the CastleHill Group, which runs student recruitment services in partnership agreements with over 50 universities. CastleHill Capital said it would leverage these strong relationships to offer high quality student accommodation in the UK. Clyde & Co, an international law firm, has been appointed on the role of advisory on the creation of the fund.