Grace Completes Trinity Portfolio Refinancing with QIB (UK)
London | November 2025
Grace Real Estate Partners ("Grace") has completed the refinancing of its Trinity Portfolio with Qatar Islamic Bank (UK) plc ("QIB (UK)"), within 18 months of acquiring the portfolio.
Structured on a Sharia-compliant senior facility basis, the refinancing reflects the successful delivery of the portfolio's business plan and the asset's transition to a more institutional capital position. The transaction was supported by stabilised operational performance, secure contracted income and the portfolio's strategic position within Central London's supply-constrained PBSA market.
Value creation delivered pre-refinancing
- Stabilised income through a long-dated institutional lease with a leading US university
- Meaningful valuation uplift, supported by third-party valuation
- Operational de-risking delivered ahead of plan, supporting senior debt execution on institutional terms
- Return of a portion of invested equity to investors, enhancing cash-on-cash performance and IRR outcomes
Strategic significance
The Trinity refinancing represents an important milestone for Grace's UK Living platform and demonstrates the firm's repeatable approach to value creation in the Living sector: disciplined entry pricing, active asset management and capital structure optimisation through the hold period. The introduction of QIB (UK) as a senior funding counterparty further broadens Grace's funder relationships across its four executed portfolios.
This bulletin is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any security, nor shall it form the basis of any investment decision.