Abu Dhabi: Islamic Bank (ADIB) has arranged a financing deal to fund the acquisition of The Hub, located near Bristol in the United Kingdom for £19.35 million ($27 million) on behalf of a private Saudi-based client.
The Hub at the Aztec West Business Park is a regional UK office for Atkins, one of the world’s largest multinational design, engineering and project management consultancies. Paul Maisfield, head of UK Real Estate at ADIB UK, said: “We have witnessed an increase in demand amongst our GCC based clients seeking to diversify their portfolios into UK real estate with a particular interest in investments offering long-term secure income both in London but increasingly in the regions with strong market fundamentals and higher yields. “We are very pleased to be supporting the acquisition of this high-quality asset. We have established a strong platform for further business in the UK as we build out our portfolio of financing assets across the UK.”
