UK: The Bank of London and The Middle East (BLME) has completed a GBP11.5 million (US$17.8 million) Murabahah financing transaction with local care home provider Healthcare Properties, a subsidiary of real estate investment and financing company Public Service Properties Investments.
The facility is secured by four care homes operated by European Care Group, a local operator of residential and specialist care homes in the UK.
Addleshaw Goddard advised BLME on the transaction, while PSPI was represented by Norton Rose.