IslamicFinance.de

Tadhamon Capital seems to have reached an agreement with UK developer Watkin Jones for joint ownership of Athena Hall.
The Athena Hall was cultivated by Watkin Jones in 2010 and is part of a new university campus benefiting from a five-year rental guarantee across the whole property and a 30-year nomination agreement with University Campus Suffolk.
The co-arrangers for the GBP26.7 million ($41.3 million) transaction were Tadhamon and Apache Capital Partners. The transaction will distribute a quarterly net cash yield of 8 per cent per annum to investors.

Tadhamon Capital B.S.C.(c) completed successfully an acquisition of 50% ownership alongside Watkin Jones, of a prime purpose built student accommodation block. The block, Athena Hall is located in Ipswich, about 70 miles north east of London. The transaction was co-organized by Tadhamon Capital and Apache Capital Partners.
Athena Hall is the only purpose built student accommodation property on campus and current request significantly outweighs supply. The property has 590 rooms, 6 retail units and a dedicated car park, and will be operated and managed by Fresh Student Living.