GateView - February 2015
Gatehouse Bank's quarterly view on UK and US real estate markets
Gatehouse acquires UK student accommodation property
LONDON, 5 May, 2015: Gatehouse Bank plc (“Gatehouse”), the London-based investment bank specialising in Shariah-compliant products and services, is pleased to announce the acquisition of Fountainbridge, a student accommodation property located in Edinburgh, United Kingdom, from Rockspring Property Investment Managers LLP (“Rockspring”) UK Value fund for £20.0 million. The property is a modern, purpose built student accommodation asset with a total of 331 bedrooms, centrally located to the University of Edinburgh, Herriot-Watt, Napier and Queen Margaret universities.