Trowers & Hamlins has been appointed to advise Eskan Bank, a bank wholly owned by the Government of Bahrain, on its project funding strategy and exit strategy for a series of social housing project across Bahrain.

The firm has been appointed as part of a consortium with KPMG and Barwa Bank of Qatar to advise on the structure of a funding programme so Eskan Bank can develop social housing projects totalling 2,500 residential units in the Kingdom of Bahrain.  The units will be built on land currently forming part of Eskan Bank's own "land bank".

This project is one of a number of steps that Eskan Bank is taking to reduce the housing unit deficit in Bahrain.  The consortium will be advising on the structure for raising and repaying the finance.

The total development cost of the projects is estimated to reach up to BD200 million.