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TADHAMON Capital, the Bahrain-based Islamic investment company, has announced the acquisition of Coxlease School in the UK by a consortium of investors, in a transaction valued at £17.5 million (BD10.76 million).
Tadhamon Capital advised on the transaction and acted as an arranger of the financing.
The Coxlease Special Needs School is situated south of London in the New Forest in Lyndhurts, Hampshire. It is a specialist residential school for boys aged nine to 18 with severe behavioural, emotional, social and learning difficulties and is run by the renowned Priory Group.
The school was acquired at a net initial yield (NIY) of 7.8 per cent and will generate an attractive average cash yield of 9.0 per cent per annum to its investors, with a 30 year lease guaranteed by the Priory Group.
