Bedell Cristin advises UAE investment firm on high value acquisition in Germany

Bedell Cristin’s London based team has advised Gulf Islamic Investments (GII), a UAE based Islamic financial services company, and Rasmala Investment Bank Ltd (Rasmala) on a joint venture acquisition of a property in Dortmund, Germany.

The $144m acquisition of nearly one million square feet of Amazon logistics centres was acquired by GII on behalf of its investors. Rasmala acted as a strategic co-adviser and co-investor on the acquisition.

The Bedell Cristin team, which was heavily involved in the establishment of the Jersey elements of the acquisition structure, as well as the financing and acquisition itself, was led by London-based Tom Davies (partner) and Laura Hendrick (associate).

Tom Davies commented: “It’s a pleasure to have assisted GII and Rasmala on this substantial acquisition which showcases Bedell Cristin’s familiarity with the Islamic finance market as well as the capabilities of our London based Jersey-law team.”