International law firm Trowers & Hamlins has advised long standing client, Rasmala Investment Bank Limited in relation to their acquisition of 116 Chancery Lane, a recently converted office to luxury residential property in the heart of Westminster, next to the Royal Courts of Justice. This freehold property is the latest addition to Rasmala's Living portfolio, Generation Living Solutions Fund.
Partner Anna Metham who led on the deal said:
"We are pleased to have worked with Rasmala again on growing their portfolio of residential properties in the UK. We have been working with Rasmala for a number of years and it’s rewarding to be a part of their long term strategy in residential real estate, build to rent accommodation and serviced apartments."
The deal involved sharia compliant debt from BLME led by Banking Partner Simon Valner with his Islamic Finance team together with assistance from planning and construction teams given the recent redevelopment of the Grade II listed property.
Client relationship Partner Abdulhaq Mohammed said:
"This deal has involved cross-office and cross-border teams both from Trowers and Rasmala's other advisers working together to add a striking new asset to Rasmala's ever growing portfolio of serviced apartment offerings in central London."
Adnan Adil, Director Investments at Rasmala said:
“116 Chancery Lane is an excellent addition to the GLS portfolio. It’s always been great to work with Trowers who have helped us across many transactions now and understand our needs very well.”
The Trowers partner team was supported by Senior Associate Jennifer Kantor and Associates Ashley Slatford, Robyn Asbury, Imogen Anderson and Mariam Yassin.
