(MENAFN) Tadhamon Capital, a Bahraini Sharia compliant investment firm, said that it made its second acquisition in Central London development in a USD163 million deal, Arabian Business reported.
Paul Street development is a joint venture with Apache Capital and McLaren Property.
The development will consist of three blocks. Two of the blocks will contain 456 student housing units with a retail area on the ground floor, while the third block will be an office building.
Construction is set to begin in next year"s first quarter, and completion is expected in the third quarter of 2015, Tadhamon said.
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