Gatehouse Bank plc (Gatehouse), a Kuwaiti-owned wholesale Shariah compliant investment bank based in the City of London, has completed the £33.4 million acquisition of the Debenhams department store in the centre of Leeds in the UK. Working closely with its sister company GSH Kuwait, Gatehouse is able to deliver to its GCC client base a unique investment opportunity with an annual cash yield of 7.00 percent.
Fahed Boodai, Chairman of the Board of Directors at Gatehouse Bank commented: “This latest deal cements the reputation of Gatehouse Bank for delivering premium international investment opportunities that generate solid returns for the benefit of our clients. The team has a proven track record in the UK real estate market, and the acquisition of this impressive asset represents yet another milestone in terms of our objective to present investors with a strong pipeline of high quality transactions that offer long term growth potential and security of return.”
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