Gatehouse Bank

Gatehouse Bank PLC (Gatehouse) is a UK regulated bank, based in Mayfair, London.

Gatehouse Bank PLC
TypePublic limited company
IndustryInvestment Banking, Financial services
Founded2008 (London)
Headquarters
London
,
United Kingdom
Area served
Worldwide
Key people
Fahed Boodai (chairman)
Productsfinance, investment banking, wealth management, real estate, Shariah advisory
Total assets$1.2bn
Number of employees
108
Websitewww.gatehousebank.com

Gatehouse Bank plc (registered number 06260053) is a Shariah-compliant challenger bank based in London and is part of the Gatehouse Financial Group of companies. It is authorised by the Prudential Regulation Authority (PRA) and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. Founded in 2008, the Bank operates in accordance with Shariah principles and offers savings products and finance for UK commercial and residential real estate, in addition to sourcing and advising on UK real estate investments with a focus on the build to rent/private rented sector.

Gatehouse has been investing in the UK private rented sector (PRS) since 2014 with the aim of addressing the UK's housing shortage. On 8 December 2015, Lord O'Neill, Commercial Secretary to the Treasury and the Regeneration Investment Organisation (RIO), which is part of UK Trade & Investment (UKTI), singled out Gatehouse's PRS programme as a model for how foreign investment can help alleviate the UK's housing crisis.[1]

In June 2009, Gatehouse established the "Milestone Capital PCC programme" a US$1bn Sukuk issuance platform that enables a bank to raise funds for itself and clients from Islamic capital markets. The programme is designed to create maximum efficiency and flexibility in-line with a Shariah structure that underlies each issue under the programme.[2]

Leadership

Fahed Boodai – Chairman

Gerald Gregory – Deputy Chairman

Abdulaziz Saud AlBader – Vice Chairman

Andy Gray – Non-Executive Board Member

Charles Haresnape – Chief Executive Officer

Danesh Mahadeva – Chief Financial Officer

Paul Stockwell – Chief Commercial Officer

Tim Blease – Chief Operating Officer

Mohaimin Chowdhury – General Counsel

Recent investments/Exits

In February 2016, Gatehouse completes £20 million financing for Milflats PRS Scheme.[3]

In December 2015, Gatehouse exited its investment in a data centre located in the South East of England for £28.1 million.[4]

In December 2015, Gatehouse announced a further investment of £100 million to develop a significant portfolio of PRS homes in the UK.[5]

In November 2014, Gatehouse announced that it had invested in a £110 million programme to build in excess of 900 PRS homes in Greater Manchester and Merseyside.[6]

In April 2014, Gatehouse exited its investment in a Rolls Royce Manufacturing and Logistics Facility located in Scotland for £55 million.[7]

In December 2013, Gatehouse sold its investment in InterContinental Hotels Group global headquarters, Broadwater Park, to a private overseas investor for £36.75 million.[8]

In November 2013, Gatehouse agreed a landmark £700 million JV with Sigma Capital Group to support the roll-out of new privately rented residential properties in the UK.[9]

In November 2013, Gatehouse completed its third acquisition of a diverse industrial portfolio located across 14 states of the USA. The $147 million portfolio was acquired in partnership with the Brennan Investment Group.[10]

Awards

2014 RESI Awards [11] – Private Rented Sector Deal of the Year Joint Winner with Sigma Capital

2013 Islamic Business & Finance Awards [12] – Best Bank (Europe) Winner

2009 IFN Award for the Deal of the Year [13] – Best Kuwaiti Islamic Syndicated Financing

References
  1. "Gatehouse Bank website".
  2. "London 2009 Sukuk Summit".
  3. "Gatehouse Bank website".
  4. "Gatehouse Bank website".
  5. "Gatehouse Bank website".
  6. "Gatehouse Bank website".
  7. "Gatehouse Bank website".
  8. "Gatehouse Bank website".
  9. "Gatehouse Bank website".
  10. "Gatehouse Bank website".
  11. "Gatehouse Bank website".
  12. "Gatehouse Bank website".
  13. "Gatehouse Bank website".
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