40 Gracechurch Street
We raised the funds from investors in the Gulf.
We built high specified Grade A office building.
The building consisit of lower ground, mezzanine and sixth loors around sustantial atrium.
Typical floor plates of 12,000 sq ft to 15,000 s ft with restaurant at the basement and ground floor.
The main office entrance on the Gracechurch Street.
We sold the property after 8 years at £105 million.
We realized 15% IIR for the shareholders.
Total development costs £79 million including acquisition costs.
Benefits from excellent acquisition price of £212 per sq ft.
Excellent accessible location.
Istisna'a Sharia compliant financing is put in place.
London, UK
EC3V 0BT
A real estate development of two empty office properties and stripe of retail on a single 150 years lease at a peppercorn rent, with permission to develop 116,778 sq ft rentable area. The properties are located in the city of London surrounded by Monument and Bank train stations.