Global Legal Chronicle

Gulf Islamic Investments’ Acquisition of Class A New York Office Building

Gulf Islamic Investments (GII) has announced the acquisition of 140 & 150 Grand Street Plaza, an office building in White Plains, Westchester County, New York, USA on behalf of its investors. Located just 30 minutes away from Manhattan, the Class A office building seats within the urban center of White Plains. The Property is strategically located within one block of the Federal, Supreme, District and County courthouses making it the preferred destination for government-affiliated and law-related tenants. GII is a UAE-based financial services company regulated by the Emirates Securities and Commodities Authority (ESCA). GII was advised by a cross border Orrick team led by Düsseldorf-based M&A and private equity partner Oliver Duys.

Republic of #Indonesia’s $3 Billion Sovereign #Green #Sukuk Offering

Indonesia issued a 5-year US$1.25 billion green Wakala Sukuk as the first issuance under its recently established Green Bond and Green Sukuk Framework. Norton Rose Fulbright has advised Abu Dhabi Islamic Bank, Citigroup, CIMB, Dubai Islamic Bank and HSBC, acting as joint lead managers and joint bookrunners. The Republic intends to use the proceeds exclusively to finance green projects, including renewable energy, sustainable transport, waste management, climate-related projects and green buildings. Alongside the 5-year green Sukuk, Norton Rose Fulbright also acted for the joint lead managers and joint bookrunners in the Republic’s 10-year US$1.75 billion Wakala Sukuk issuance.

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