Emirates NBD, in partnership with Abu Dhabi Islamic Bank (ADIB), has concluded a £140 million senior financing deal for a student accommodation facility in central London. The transaction, split equally between the two banks, strengthens the UAE’s banking presence in important overseas markets.
Paddington Citi View, formerly known as Lillian Pension Hall, features 353 bedrooms equipped with top-tier amenities, located just 100 meters from London’s Paddington Station. This prime location ensures students have excellent transport links to leading academic institutions across the city.
Acquired by Union Property in 2022 from the University of London, Paddington Citi View stands out for its high-quality design, making it a key asset in London’s purpose-built student accommodation (PBSA) market.
“We are pleased to have supported this debt facility, which underscores our capability to deliver strategic, structured Islamic and conventional financing solutions to international clients,”
said Carlo De Vos, Head of Corporate & Institutional Banking at Emirates NBD.
“This deal reflects our focus on high-quality assets with stable income potential, and supports our strategy to work with strong counterparties.”
