ABU DHABI, UAE, October 31, 2011/PRNewswire/ --Abu Dhabi Capital Management (ADCM) has announced that it will provide a loan facility to London-based real estate developer Northacre PLC.

The loan will be used to consolidate all existing debt and to provide sufficient headroom to finance working capital of Northacre for the foreseeable future.

Financing will be provided to a Northacre PLC vehicle through the purchase of a secured Eurobond which, subject to regulatory clearance, will be listed on the Channel Islands Stock Exchange (CISX) in the UK.

Abu Dhabi Capital Management is an alternative investment firm based in Abu Dhabi. It serves high net worth individuals and institutions, and manages assets of over US$ 100 million in the Middle East and other geographies worldwide.

Northacre PLC is a publicly traded real estate developer based in the UK. It has developed US$ 2.5 billion of prime residential real estate in London.

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear