Finance

Amiri’s co-founders decide to wind up company

By 2018-11-30T00:00:00

Regents Crescent

Ellis and Shah wind up company following failed flotation of student housing REIT

Founded by Richard Ellis and Bindesh Shah in 2006, Amiri Capital specialised in Sharia-compliant finance and investment. The firm invested £1.5bn in UK real estate before attempting to raise more than £100m for a student accommodation REIT at the end of 2016.

The company had plans to build up a £1bn student housing portfolio but failed to get the REIT off the ground.

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