Gatehouse Bank Announces the Sale of Omega plc
Gatehouse Bank plc, the London-based bank specialising in Shariah-compliant products and services, is pleased to announce that it has successfully concluded on behalf of investors the sale of Omega plc’s manufacturing and distribution facility at Capitol Park in Thorne, Doncaster. The 319,000 sq. ft. distribution facility is located off Junction 6 of the M18, providing prime industrial real estate space close to major transport links. Charles Haresnape, CEO of Gatehouse Bank, said: “We are pleased to have reached a successful exit of the investment in Omega, Capital Park. The investment has delivered substantial returns to investors and further underlines our value-creation strategy focused on sourcing properties located in high-growth areas. Over the three-year hold, the investment has benefitted from substantial yield compression as the UK logistics market continues to thrive.” Savills and DAC Beachcroft advised on the transaction.