The property is a four-story office building that totals 169,542 square feet located in Salt Lake City, the capital city of the State of Utah. The state-of-the-art, mission critical facility was completed in 2012 and is located adjacent to the Salt Lake City International Airport. The property houses the FBI’s Regional Headquarters and Field Office for the Rocky Mountain Division. The asset is backed by the credit of the U.S. Government and has 15-years of remaining lease term with no cancellation options.
Mr. Fahed Boodai, Chairman of Gatehouse Financial Group, said: “We are delighted with the successful realisation of this investment, both in terms of timing and performance. This marks the Group’s 24th successful exit for the company and underlines the success of our strategy of identifying and backing unique investment opportunities in global markets.”
Mr. Boodai added: “This investment has generated an excellent return for our investors and we will continue with the strategy we set out in the past years with the aim of enabling our clients to gain access to different real estate asset classes - from housing, business or office properties through to manufacturing and services, and providing them with wealth preservation, asset management and customer service excellence.”