History
History
July 2011
Gatehouse Bank completes acquisition of the Fujitsu Services Limited office premises in Basingstoke, SE England, UK. The property benefits from a 70 year lease to provide an 'annuity-like' return.
June 2011
Gatehouse in conjunction with sister company GSH, complete the acquisition of The Lofts at Wolf Pen Creek Student Housing Property, College Station, Texas, USA.
April 2011
Gatehouse completes a gold standard acquisition with Rolls-Royce Core Manufacturing & Logistics Facility, Glasgow, Scotland, UK.
October 2010
Gatehouse completes major acquisition in InterContinental Hotels Group Global Headquarters, London, UK..
September 2010
Gatehouse completes its second student accommodation acquisition in Oxford Brookes in Oxford, UK.
July 2010
Gatehouse completes another prime office acquisition in BT Regional Office Headquarters building, in Leeds, UK. Working closely with its sister company GSH Kuwait, Gatehouse delivered to its GCC investor clients a unique investment opportunity that provides an average cash yield of 9.1% per annum net of all fees, costs and local taxes, with distributions to be paid monthly over a 3 year investment period.
April 2010
Gatehouse successfully completes student acquisition properties - “Europa” in Liverpool and “Optima” in Loughborough..
March 2010
Gatehouse Bank entered into a memorandum of understanding (MOU) with PT Bank Syariah Mandiri and an MOU with PT Bank Negara Indonesia to strengthen ties with both parties respectively, and agree upon Islamic banking initiatives that will benefit each other through closer working cooperation.
Gatehouse accepts IFN Award for Deal of the Year for the best Kuwaiti Islamic syndicated financing in 2009. The award was for the “Burgan Company for Well Drilling, Trading and Maintenance $125m Syndicated Secured Ijara Facility”, jointly bookrun with Liquidity Management House for Investment Company (“Liquidity House”). The syndication was joined by Ahil United Bank B.S.C and Boubyan Bank K.S.C as Mandated Lead Arrangers, E’amar as Lead Arranger, Kuwait Finance House (Malaysia) Berhad as Arranger and European Finance House Limited as Co-Arranger.
December 2009
Gatehouse completes its first real estate acquisition - the Procter & Gamble (P&G) UK Headquarters building. The Grade A office space is situated in Weybridge, UK and is let to P&G until June 2020, providing ten years of certain income for Gatehouse investors.
September 2009
Gatehouse announced that it has completed the first cross border trade transaction with CIMB Islamic, outside Malaysia encompassing movements across Bursa Malaysia's Bursa Suq Al-Sila' platform which is an end-to-end Shariah-compliant commodity trading platform that facilitates commodity-based Islamic financing under Shariah principles.
June 2009
Gatehouse established the Milestone Capital PCC programme. The Milestone programme is a comprehensive and flexible Sukuk issuance platform and enables Gatehouse to raise funds for itself or clients in an efficient and effective way from the Islamic capital markets. The unique structure of the programme also allows for maximum flexibility with regard to the underlying Shariah structure used for each issue under the programme.
Gatehouse acted as Mandated Lead Arranger and Bookrunner on a $115,000,000 3-year syndicated Ijara facility for Burgan, a Kuwaiti company engaged in exploration, drilling and maintenance of oil and gas wells.
The proceeds of the Facility will be used to finance the purchase of four new drilling rigs which will be contracted out to the state‐owned Kuwait Oil Company (KOC)
It offered an innovative security package with a fixed and floating charge over the Ijara assets and security over the receivables arising from four off-take contracts with KOC
April 2009
Gatehouse acted as Mandated Lead Arranger & Investment Agent for $115,000,000 Murabaha Transaction for Kurveyt Turk. Gatehouse successfully acted as Mandated Arranger on a 1-year Commodity Murabaha Facility for Kuveyt Turk Katilim Bankasi, one of four Turkish Islamic banks
It is the first transaction on which Gatehouse worked with a large number of international and regional financial institutions such as Citi, Standard Chartered, IDB, and NBK
It is the first Islamic transaction for a Turkish company in 2009
Proceeds are used to finance general corporate purposes and expand operations in the growing Islamic banking sector in Turkey
August 2008
Gatehouse acted as Mandated Lead Arranger for $70,000,000 Commodity Murabaha Facility for an undisclosed client.
April 2008
Gatehouse received approval from the Financial Services Authority on 21st April 2008 for a license to act as a wholesale deposit taking banking entity operating within the UK regulatory environment. Its parent company is the Securities House in Kuwait.
Contact Us
Authorised in 2008, Gatehouse Bank undertakes all its activities in accordance with Shariah principles.
Gatehouse Bank Plc Floor 24, 125 Old Broad Street, London, EC2N 1ARTel: +44 (0)20 7070 6000 Fax: +44 (0)20 7070 6099
Email: info@gatehousebank.com