Hatstone Lawyers in Jersey has advised the Bank of London and The Middle East plc (BLME) on the Jersey aspects of its successful Sharia’a compliant refinance of a £6 million London property.
The property was for a high net-worth private client, working alongside Druces’ London property and corporate teams, led by Partner, Gemma Wright, and Senior Associate, Claire Rigby to complete this.
Bella Ward, Group Partner, said: “We are delighted to have advised BLME and worked again with the Druces’ team on this innovative transaction. It was a great opportunity to showcase the advantages of using Jersey property holdings structures in these types of financing and refinancing transactions”.
Gemma Wright, Partner, said: “We are pleased to have worked with BLME and Hatstone on this transaction. Druces’ team brings wealth of experience in Sharia’a compliant work and, with the increased demand from Middle Eastern investors into London, and the UK generally, we look forward to working with BLME on future investments”.