German lender Helaba said it has arranged a Shariah-compliant investment facility of £19.71 mln (EUR 22 mln) for Gatehouse Bank's purchase of the UK headquarters of Procter & Gamble. This is the first Shariah-compliant financing facility completed by Helaba in the UK
German lender Helaba said it has arranged a Shariah-compliant investment facility of £19.71 mln (EUR 22 mln) for Gatehouse Bank's purchase of the UK headquarters of Procter & Gamble. This is the first Shariah-compliant financing facility completed by Helaba in the UK
The Procter & Gamble headquarters is a 10,000-m2 Grade A office and conference facility constructed in 1995 on The Heights, Weybridge, Surrey. The property is let in its entirety to Procter & Gamble until June 2020, providing over 10 years of guaranteed income.
Gatehouse Bank acquired and structured the investment for a syndicate of private clients from the Gulf states.
Helaba acted as arranger and uinderwriter in this transaction and was advised by Taylor Wessing LLP and Savills.
