Gatehouse Bank

Gatehouse Bank PLC

Type	Public limited company
Industry	Investment Banking, Financial services
Founded	2008 (London)
Headquarters	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 investment bank, based in 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 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.

In April 2014, Gatehouse opened its Client Investment Office in Mayfair, London.^[2] Its principal office is located at 125 Old Broad Street, London.

In June 2013, Gatehouse opened its first representative office in Malaysia, authorised by Bank Negara Malaysia. The office in Kuala Lumpur provides support to the London head office by profiling and nurturing new relationships with prospective clients in Malaysia and the South East Asia (SEA) region.

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.^[3]

Leadership

Fahed Boodai - Chief Executive Officer

Twalha Dhunnoo – Chief Financial Officer

Abdulaziz Al Duweesh - Chief Investment Officer

Board of Directors

Lord Carrington of Fulham - Chairman

Fahed Boodai - Chief Executive Officer

Mohamad Tawfik Al Tahawy - Non-Executive Board Member

Steve Smith - Non-Executive Board Member

Twalha Dhunnoo - Chief Financial Officer and Company Secretary

Craig Friedman - Non-Executive Board Member

Real Estate

The Real Estate investment team targets opportunistic and value-orientated property assets based in the USA and United Kingdom across the office, industrial, single-family residence, private rent, student and logistics sectors.^[4]

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. ^[5]

Shariah Advisory

Gatehouse provides an in-house Shariah advisory service led by Shariah scholar, Mufti Muhammad Nurullah Shikder. The Bank’s services include: assisting with structuring of Shariah compliant products and issuing of Fatawa; audit and compliance review of documentation; and external consultancy services for Shariah advisory. The Shariah Advisory Board consists of: Mufti Muhammad Nurullah Shikder; Dr Abdul Aziz Khalifa Al Qassar; and Shaikh Essam Khalaf Al-Enezi.^[6]

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. ^[7]

In December 2015, Gatehouse announced a further investment of £100 million to develop a significant portfolio of PRS homes in the UK. ^[8]

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. ^[9]

In April 2014, Gatehouse exited its investment in a Rolls Royce Manufacturing and Logistics Facility located in Scotland for £55 million.^[10]

In December 2013, Gatehouse sold its investment in InterContinental Hotels Group global headquarters, Broadwater Park, to a private overseas investor for £36.75 million.^[11]

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.^[12]

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.^[13]

Awards

2014 RESI Awards ^[14] – Private Rented Sector Deal of the Year Joint Winner with Sigma Capital

2013 Islamic Business & Finance Awards ^[15] – Best Bank (Europe) Winner

2009 IFN Award for the Deal of the Year ^[16] – Best Kuwaiti Islamic Syndicated Financing

References