IslamicFinance.de

Bank of London and The Middle East plc (“BLME”), has announced on 7 January the completion of a 3-year GBP 31.5 mn finance transaction for Premio Group Holdings to refinance Premio’s property portfolio in Mayfair, London. This is the first Islamic finance transaction completed by Premio Group Holdings.

Premio Group Holdings is a joint venture between Chelsfield Partners LLP and Rollpost established in December 2005. Premio owns over 50,000 square ft of prime residential and commercial property in London’s Mayfair.

Advisers to both firms were Alexander Marks, SJ Berwin and KPMG for Premio and Herbert Smith LLP for BLME.