Islamic finance specialists at West law firm Foot Anstey have acted for Kuwaiti investors on a £26.8m acquisition of the Argos National Distribution Centre in Stafford – the latest deal by the firm in the fast-growing specialist area.
Foot Anstey’s team of Islamic finance, banking, real estate and investment structuring specialists advised the investors on the shariah-compliant investment structure, financing documents and real estate aspects of the acquisition.
The team recently advised the same investors on their £19m acquisition of the Bristol office of Everything Everywhere at Aztec West.
Islamic finance partner Imam Qazi led the Foot Anstey team that included partner Matthew Stoate (private equity) together with solicitors Zahir Nayan (Islamic finance and real estate) and Benjamin Kumordzie (banking).
Imam said: “Both our recent transactions highlight how we work in partnership with Middle Eastern investors and shariah-compliant banks. I am delighted with our progress in 2013 and look forward to progressing further deals where they match our clients' wants and needs and can deliver superior risk adjusted returns in an ethical investment environment.”
Islamic finance is a niche area of expertise for the firm which has offices in Exeter, Plymouth, Taunton and Truro as well as Bristol.
