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 completes £20 million financing for Milflats PRS Scheme

Gatehouse completes £20 million financing for Milflats PRS Scheme

LONDON, 3 February, 2016: Gatehouse Bank plc (“Gatehouse”), the London-based investment bank, is pleased to announce the completion of a £20 million senior financing to Miflats, a leading owner and manager of private rented sector (“PRS”) residential real estate in the UK. The financing was secured against their recently refurbished PRS scheme located in the centre of Bracknell.

Trevor Homes, Head of Real Estate Finance at Gatehouse said “We are delighted to have this opportunity to support Miflats in their ambition to become a major provider of purpose build rented accommodation in the UK. This helps to further show that our Shariah compliant finance solutions are attractive to the mainstream UK commercial property community as well as our more traditional Gulf-based investor base. We are excited about our Real Estate Finance offering and look forward to announcing further transactions in the coming months.”

Graham Wood, Criterion’s Chief Financial Officer who advised Miflats on the financing said: “We are pleased to have completed this financing with Gatehouse, which reinforces Miflats’ commitment to the PRS sector. Miflats own and manage three complete and fully let PRS schemes providing 255 apartments in commuter London, with a further 1,379 units under construction and 1,145 units at planning stage. We found Gatehouse to be competitive, commercial and responsive.”

Related News

  • 22.05.2017

    Charles Haresnape joins as Gatehouse Bank CEO

    LONDON – 22 May, 2017: Gatehouse Bank plc (“Gatehouse” or the “Bank”), a Shariah-compliant Bank based in London, is pleased to announce the appointment of Charles Haresnape as Chief Executive Officer, with effect from the 8th of May.

  • 28.03.2017

    Gatehouse announces completion of £100m PRS scheme

    LONDON, 28 March, 2017: Gatehouse Bank plc (“Gatehouse”), the London-based investment bank, is pleased to announce the completion of its initial £100m Private Rented Sector (“PRS”) scheme in partnership with Sigma Capital, the residential and urban regeneration specialist.

  • 10.02.2017

    Charles Haresnape will join Gatehouse Bank as Chief Executive Officer

    LONDON, 9 February, 2017: Gatehouse Bank plc (“Gatehouse” or the “Bank”), the London-based investment bank, is pleased to announce that Charles Haresnape will join the Bank as Chief Executive Officer.