Foot Anstey acts for QIB-UK on property refinancing deal

Foot Anstey LLP has advised QIB-UK, the Shariah-compliant London-based private bank, on a senior Murabaha facility to refinance a commercial property asset.

The transaction helped enable the refinance of a commercial property asset occupied by Travelodge Hotels Limited, which operates as the 84-bedroom Travelodge London Clapham Junction hotel.

The Foot Anstey Islamic Finance team that worked on the deal included Lingxi Wang (Managing Associate) and Leena Payyappilly (Associate). The team worked in conjunction with QIB-UK to smoothly deliver the transaction and help provide the senior Murabaha facility.

Lingxi Wang, Managing Associate at Foot Anstey LLP, commented: "We are delighted to have supported QIB-UK on this latest refinancing transaction. Leena and I worked collaboratively with the QIB-UK team to successfully enable the private bank to offer the senior Murabaha facility, and we look forward to working with QIB-UK again in the future."

Founded in 2008, QIB-UK is a Shariah-compliant private bank located in Mayfair and specialises in private banking, structured real estate investing and treasury advice, which includes providing the risk management solutions tailored to its clients' needs.

Knights plc acted for the customer, Sequoia Hotels Ltd.

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