Abu Dhabi Islamic Bank (ADIB), a Shariah compliant financial institution, has provided structured Islamic financing of GBP 20 million to Urbium Capital Partners (UCP) for their acquisition of a Sainsbury’s store in Edinburgh, Scotland.
The property comprises an 85,961 sqft prime food store and a 12 pump petrol filling station occupying a 4.6 acre site, constructed in 2013.
CMS has advised Abu Dhabi Islamic Bank (ADIB) in the transaction. The International CMS team consisted of partner Shakeel Adli (pictured) who led on the financing aspects, supported by Lily Martin and Paul Baird. Edinburgh-based partner Darren Craig led on the Scottish aspects, assisted by Laura King and Claudia Russell.