London, 16 February, 2016: Gatehouse Bank plc ("Gatehouse"), the London-based investment bank, is pleased to announce the completion of a £21 million development financing to a Special Purpose Vehicle ("SPV") managed by London-based Al Mubarakia Limited, a leading developer of real estate in the UK.
The facility will fund the redevelopment of existing offices at Soverign Court, Wapping, London into 124 one and two bed studio apartments. The redeveopment is projected to take around nine months to complete. The completed units will be offered for rent.
Trevor Homes, Head of Real Estate Finance at Gaehouse, said: "We are very pleased to be supporting Al Mubarakia in delivering high-quality
KUWAIT, 8 February, 2016: Gatehouse Capital K.S.C.C. (“Gatehouse Capital”), a Kuwait-based investment advisor and part of Gatehouse Financial Group Limited (“Gatehouse”), is pleased to announce that it has purchased a portfolio of ten select service hotels (the “Portfolio”) in the United States with the assistance of Arch Street Capital Advisors, LLC. The Portfolio is geographically dispersed across Michigan, Minnesota and Wisconsin. Each of the hotels in the Portfolio has a long-term license agreement to operate the Marriott select service brands TownePlace Suites and SpringHill Suites. This acquisition marks Gatehouse’s second investment into the select service hospitality space, follow
LONDON, 3 February, 2016: Gatehouse Bank plc (“Gatehouse”), the London-based investment bank, is pleased to announce the completion of a £20 million senior financing to Miflats, a leading owner and manager of private rented sector (“PRS”) residential real estate in the UK. The financing was secured against their recently refurbished PRS scheme located in the centre of Bracknell.
Trevor Homes, Head of Real Estate Finance at Gatehouse said “We are delighted to have this opportunity to support Miflats in their ambition to become a major provider of purpose build rented accommodation in the UK. This helps to further show that our Shariah compliant finance solutions are attractive to the mainst
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