Lash Group Headquarters, South Carolina, USA, $67,100,000 acquisition
22 April 2016
Bedell Cristin acted for 90 North Real Estate Partners LLP (and its associated investors) and certain Middle Eastern investors in relation to the acquisition of the headquarters of the Lash Group in a suburb of Fort Mill, Charlotte, South Carolina, USA for $67,100,000. The funding for the acquisition of the US real estate was provided by way of a combination of conventional financing and Sharia-compliant financing. Bedell Cristin, led by Simon Hopwood (Partner) and Stephen Ferguson (Senior Associate), assisted with the Jersey aspects of the establishment of a Sharia-compliant investment structure, the financing arrangements which involved an ijara (a form of lease of ownership) for the property acquisition.