Accept gatehousebank.com uses cookies on your computer to give you the best possible browsing experience and to understand how you use the website.
By using our website you are accepting our use of cookies and our privacy policy.

For more information, you can review our privacy policy here.

Gatehouse Bank Concludes the Sale of Fountainbridge

Gatehouse Bank Concludes the Sale of Fountainbridge

Gatehouse Bank plc is pleased to announce that it has successfully concluded on behalf of investors the sale of 123 Fountainbridge in Edinburgh for £24.0m.

The property is a purpose built student accommodation asset with a total of 331 bedrooms, centrally located close to the University of Edinburgh, Herriot-Watt, Napier and Queen Margaret universities.

Charles Haresnape, CEO of Gatehouse Bank said:

“We are pleased to have reached a successful exit of 123 Fountainbridge, Edinburgh. Through Gatehouse Bank’s active asset management approach, the investment has delivered substantial returns to investors and further underlines our asset management capabilities and value-creation strategy. Over the three year hold, the active management of the property has resulted in an increase in net operating income year on year.”

Cushman & Wakefield and Shepherd and Wedderburn advised on the transaction.

Related News

  • 13.08.2018

    Gatehouse Bank Announces Increase to Savings Rates

    • Gatehouse Bank to increase returns on all its Notice Accounts
    • The Bank launches new 95 Day Notice account

  • 08.08.2018

    Winchester is Home to the Most Vulnerable Landlords

    Tax changes mean landlords have to consider array of local factors to protect returns

    • The most exposed landlords are in Winchester where available rentals have sat empty for 248 days, rents are over half of average earningsand yields are half those of top towns and cities

    • North-South divide visible even when affordability and pace of market factored in

    • Bootle in Merseyside is the home of the most reliable rentals

  • 18.07.2018

    Gatehouse Bank Announces Key Home Finance Appointment

    Gatehouse Bank has announced the appointment of Karen Faulkner to the key role of Head of Home Finance Operations.