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.”
LONDON – 24 July, 2017: Gatehouse Bank plc is pleased to announce the following appointments. Tim Blease is joining Gatehouse as Chief Operating Officer. Sharron Harvey is joining as Executive Vice President, Head of HR.
LONDON – 17 July, 2017: Gatehouse Bank plc (“Gatehouse” or the “Bank”), a Shariah-compliant Bank based in London, is pleased to announce the following changes to the Board, with immediate effect:
• Andrew Gray has been appointed Non-Executive Director of Gatehouse Bank.
• Lord Carrington of Fulham and Mohamad Al-Tahawy have resigned from the Board and Fahed Boodai has resumed his role as Chairman of the Bank.
LONDON – 3 July, 2017: Gatehouse Bank plc is pleased to announce the following changes to its executive committee. Paul Stockwell is being appointed as Chief Commercial Officer, with effect from 3rd July 2017. Danesh Mahadeva has been promoted to Chief Financial Officer, on 1st July 2017.