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FINANCIAL NEWS
Abu Dhabi Capital Management secures USD2,062 m
04 Mar 2014
(MENAFN) Integrated Alternative Finance, a wholly owned subsidiary of Abu Dhabi Capital Management (ADCM), has secured as much as USD2,062 million to fund the acquisition of 1 Palace Street, London, according to the Emirates 24/7.
The funding process will be managed by Eastdil Secured, ADCM”s exclusive advisor.
Jassim Alseddiqi, Chief Executive Officer of IAF”s parent, ADCM, said: “This is a unique funding arrangement which complements the landmark nature of 1 Palace Street. Integrated Alternative Finance, in partnership with Eastdil, was able to secure the most appropriate lender with considerable expertise in the super prime Central London market. Its experience in negotiating appropriate terms and finalising this significant facility were integral to the success of the eventual funding.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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