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CastleHill plans £100m sharia-compliant student accommodation fund

CastleHill Capital, a fund with bases in the UK and Middle East, is to launch its first sharia-compliant UK student accommodation fund in early 2015.  
 
The fund will be managed as part of the CastleHill Group, a provider of student recruitment services for over 50 universities. CastleHill Capital said it would leverage its “strong relationships to offer high quality student accommodation in the UK”. 
 
Shafqat Malik commented said: “CastleHill Capital aims to become the partner of choice for real estate investments by delivering superior returns. UK student accommodation has attracted over £2 billion of investments in each of the last two years with over 50% of capital coming from overseas.”
 
Clyde & Co, a law firm, has advises on the creation of the fund, led by Adil Hussain, global head of Islamic Finance.
 
 
 


Posted on: 19/11/2014




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