Gatehouse Bank

Gatehouse Bank PLC

Type	Public limited company
Industry	Investment Banking, Financial services
Founded	2008 (London)
Headquarters	Mayfair, London, United Kingdom
Area served	Worldwide
Key people	Fahed Boodai (Chairman)
Products	finance, investment banking, wealth management, real estate, Shariah advisory
Website	www.gatehousebank.com

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

Authorised in 2008, Gatehouse has divisions in Real Estate Investment, Real Estate Finance, Treasury, Wealth Management, and Shariah Advisory. The Bank advises funds with approximately $1.2 billion in real estate assets in the United States and United Kingdom.^[1]

Gatehouse is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

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. ^[2]

In April 2014, Gatehouse opened its Client Investment Office in London.^[3]

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.^[4]

Leadership

Fahed Boodai - Chairman

Gerald Gregory - Deputy Chairman

Abdulaziz Saud AlBader - Vice Chairman

Twalha Dhunnoo - Executive Board Member

Steve Smith - 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 December 2015, Gatehouse exited its investment in a data centre located in the South East of England for £28.1 million. ^[5]

In December 2015, Gatehouse announced a further investment of £100 million to develop a significant portfolio of PRS homes in the UK. ^[6]

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. ^[7]

In April 2014, Gatehouse exited its investment in a Rolls Royce Manufacturing and Logistics Facility located in Scotland for £55 million.^[8]

In December 2013, Gatehouse sold its investment in InterContinental Hotels Group global headquarters, Broadwater Park, to a private overseas investor for £36.75 million.^[9]

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.^[10]

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.^[11]

Awards

2014 RESI Awards ^[12] – Private Rented Sector Deal of the Year Joint Winner with Sigma Capital

2013 Islamic Business & Finance Awards ^[13] – Best Bank (Europe) Winner

2009 IFN Award for the Deal of the Year ^[14] – Best Kuwaiti Islamic Syndicated Financing

References