Gatehouse Bank plc (Gatehouse), a London-based wholesale Shariah compliant investment bank, today announces the successful delivery of its realised investment in UK real estate, through the sale of a two properties as part of a UK student accommodation portfolio in a deal worth £34.4 million.
The deal represents an excellent return for Gatehouse’s investors, who have benefited from an internal rate of return of 18.6% during the two year holding period, and a return on investment of 37.2% on exit.
Mr Fahed Boodai, Chairman of the Board of Directors at Gatehouse Bank announced today via an exclusive video link from London, “Over the past two years we have invested in the student accommodation sector on behalf of our investors, confident of the excellent return potential, which we believe we have successfully delivered in the realisation of the UK student accommodation portfolio investment.”
student accommodation is apparently a good investment still.
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