Gatehouse Financial Group, incorporating Gatehouse Bank in London, has arranged the acquisition of Greyhound Retail Park Phase II in Chester from Landsec in a corporate transaction.
The c.176,000 sq ft park is fully let to 12 tenants, including John Lewis and Asda and forms the dominant element of the 800,000 sq ft regional retail offer at Sealand Road, around two miles to the west of the city centre. The critical mass of retail and excellent accessibility of the location supports a strong trading profile for the retailers, whilst there are proposals for significant residential development on sites adjacent, in conjunction with improvements to the exist...
Mr. Paul Stockwell, Gatehouse Bank's CCO and Mr. Meshal Almelhem Blueprint's CEO
Gatehouse Bank plc is pleased to announce that it has entered into a strategic partnership with Blueprint Real Estate Company, based in Kuwait, to offer Shariah compliant finance to expats and international residents looking to purchase property in the UK.
Blueprint Holding Co. (BP) is a real estate investment consultancy specialising in real estate investment opportunities worldwide. BP is a key regional player and provides comprehensive in-depth solutions in acquisitions, disposition, and financing to enable its clients to make sound business decisions.
As part of its expansion, Gatehouse Bank plc is pleased to announce two further appointments.
Umar Ali joins Gatehouse Bank as Head of Home Finance after five years at Al Rayan Bank. Umar will be managing the Residential Home Finance team and brings with him vast experience within the Islamic finance market.
Junaid Sarwar joins Gatehouse Bank as a Business Development Manager – Junaid will be London based and has significant experience of the Islamic finance market having worked for Al Rayan Bank for the past six years. Prior to this, he worked for Santander and Barclays Bank.
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 underli...
Gatehouse Bank has selected BEP Systems Limited to develop its brand new Shariah compliant residential finance platform. This is state of the art, cloud based technology and will enable brokers and customers to experience excellent customer service for home owner and BTL finance. The system will process client applications from enquiry through to completion.
Charles Haresnape, CEO of Gatehouse Bank said:
“I am delighted with our new partner and the outstanding functionality the system delivers. BEP has worked fast to bespoke a system for us which will be available later this month.”
Gatehouse Bank plc is pleased to announce the appointment of Dr. Usman Chaudry as Chief Risk Officer (subject to Regulatory Approval), with effect from the 2nd January.
Dr. Chaudry, who will be a member of EXCO, brings with him significant experience. His previous roles included Risk Director at Tandem and Director – Global Head, Policy and Risk Governance at Standard Chartered Bank. He has also occupied various positions in Risk Management for KPMG, Barclays Bank and GE Capital International.
Dr. Chaudry’s appointment marks an exciting time for Gatehouse Bank, as it moves into the residential private finance sector.