Abu Dhabi Islamic Bank has grown its UK commercial real estate financing portfolio with more than $128m (£100m) in new financing assets in the first six months of 2023.
Deals financed by the Shariah-compliant lender over the past six months include a 343-bed co-living scheme in North Acton, a 400-bedroom hotel at Gatwick Airport and a 133,000 sq ft multi-let office in Guildford, Surrey.
ADIB said profits across the business had grown by 61% to $630m over H1, driven by a solid growth in revenues as rising interest rates and the UAE’s resilient economy helped to boost business.
