King & Spalding advised Al Mal Capital, a subsidiary of Dubai Investments, on the acquisition of the Kent College Dubai property. The deal is structured as a sale-leaseback transaction in which the school operator has leased back the property over the long-term and will continue to operate and manage the school. Kent College Dubai, the first international campus of Kent College Canterbury from the UK, is a K-12 British curriculum school with a student capacity of 2,200.
The King & Spalding team that acted for Al Mal Capital on the deal was led by Dubai-based partner James Stull and included partners Moustafa Said and Stephen Kelly and senior associate Sarah-Jane Mahood on real estate aspects, partner Mike Rainey and senior associate Asal Saghari on finance aspects and associate Dora Chan on corporate aspects.