During a planned visit to the State of Kuwait, Gatehouse Capital K.S.C.C. (“Gatehouse”) welcomed Holliday Fenoglio Fowler, L.P. (HFF) over a meeting to discuss the prospects and opportunities of investing in the U.K. and the U.S. markets. During the meeting, which was joined by the U.S.-based real estate investment and advisory firm Arch Street Capital, they outlined their plans to cooperate on the development of a range of diverse investment products aimed at the growing market segments in the U.K. and the U.S. This meeting comes shortly after the announcement of HFF mediating a deal of the recapitalization of a fully leased, mission-critical 11-property industrial portfolio totaling 2.77 million square feet in Georgia, Illinois, Michigan, Minnesota, Ohio, Pennsylvania and Texas. The portfolio was owned and managed througha joint venture between Brennan Investment Group, Arch Street and Gatehouse Financial Group Limited, and sold to a new joint venture between Brennan Investment Group and a Gulf-based multi-family office.
“Over 15 years, Gatehouse has gained recognition globally as one of the foremost originators and structurers of diversified investments,” said Fahed Boodai, Chairman of Gatehouse. “So we are pleased at having established this relationship with HFF, widely respected as a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. The skills and experience of our two organisations are very complementary and given the outlook for high quality, well-managed and properly structured investment products, we see considerable benefit in a partnership that we hope will last many years.”
“HFF has had a longstanding relationship with Gatehouse Financial, one of the most highly regarded investors in the Gulf,” said Riaz Cassum, Senior Managing Director and Co-head of HFF’s Global Capital Team. “We have been extremely fortunate to have transacted with, and on behalf of, Gatehouse over these years and look forward to continued mutual success in the future. HFF, with its network of 26 offices in the U. S. and U. K., is able to source attractive opportunities that meet our client’s investment objectives.”
“The Gatehouse-HFF relationship is particularly special due to the deep respect and trust that has been built between us, both at the organizational and personal level,” added Claudio Sgobba, Managing Director of HFF’s London office. “Gatehouse’s entrepreneurial spirit, sophisticated understanding of value creation, and U.S. and U.K. real estate experience allows Gatehouse to transact with ease across the two largest real estate markets in the world.”