Norton Rose Fulbright advises institutional investor on Islamic financing of Dutch logistics property

Global law firm Norton Rose Fulbright has advised an institutional investor in respect of the Islamic financing of a logistics property located in the harbour area of Rotterdam.

The firm advised on the Islamic financing aspects of the transaction, including in respect of Shariah-compliant issues, Islamic finance hedging and legal due diligence of the property.

The cross-border Norton Rose Fulbright team advising on the deal included lawyers from across the firm’s banking and finance and real estate practices. The team was led by counsel Jasper Dijkshoorn (Banking), with support from partner Omar Salah (Banking), associate Enes Altintop (Banking), associate Alexander Govers (Banking), senior associate Annemarie Ver Loren van Themaat Creutzberg (Real Estate), associate Maaike Faase (Real Estate), associate Rik van der Laan (Real Estate) and associate Alwin Kroon (Real Estate) in Amsterdam. The wider team also included Global Head of Real Estate Dan Wagerfield, partner Yusuf Battiwala (Derivatives and Structured Finance) and associate Carla Akuamoah Antelo (Derivatives and Structured Finance) in London; Head of Middle East Mohammed Paracha (Banking) and associate Yasser Muflahi (Banking) in Dubai; and partner Stéphane Braun (Banking), counsel Cyril d’Herbes (Banking) and associate Christina Jovanov (Banking) from the firm’s Luxembourg office.

Jasper Dijkshoorn said:

“This transaction clearly demonstrates how seamlessly the principle of Islamic finance integrates with the real estate market in the Netherlands and creates considerable value for all parties involved. We thank our client for this opportunity to support the development of Rotterdam’s commercial real estate sector.”

Norton Rose Fulbright’s global real estate finance practice offers specialist experience advising all stakeholders across the whole spectrum of real estate transactions, investment and development financing, utilising in-depth knowledge across sector projects including hotels and leisure, residential, student accommodation, office, retail and logistics.