£87m acquisition of the Merchant Square building in Belfast by Albilad Capital

Albilad Capital, headquartered in Riyadh, Saudi Arabia is the investment arm of Bank Albilad and seeks to meet the needs of individual and institutional investors by providing innovative and Sharia-compliant investment products and services.

Albilad Capital acquired the Merchant Square building, Belfast for £87m in the largest ever office deal in Northern Ireland. Abu Dhabi Islamic Bank provided structured Islamic financing for Albilad Capital. The redeveloped building includes 225,000 sq ft of office space and six retail units.

BDO provided Albilad Capital financial and tax due diligence services and SPA Review advice.