GCC investors gain on Oxford Brookes investment

GCC student property investors gain from Gatehouse investment

• Gatehouse UK student accommodation investment shows impressive growth
• GCC Investors gain on investment outperformance with 9.3% cash yield

London-based wholesale Shariah compliant bank, Gatehouse Bank plc, has delivered an additional advantage for its GCC investors, after successfully completing the Oxford Brookes student accommodation acquisition in September 2010. The property located in Oxford, UK has achieved an added advantage from the investment outperformance after its annual rent review. Investors in the second year of the holding period in this transaction have benefitted from the uplift from 9.0% to a higher dividend payment of a 9.3% cash yield return.

Stuart Jarvis, Vice President of Real Estate at Gatehouse Bank stated, “Gatehouse Bank is pleased to pass on higher distributions from the Oxford Brookes investment to our investors. Purpose-built student accommodation is an established real estate sector worth £6.5 billion in the UK alone, with universities in the UK typically witnessing student numbers forecast to rise at 10 times the rate of new accommodation that is being completed. As a high performing asset class that is created from the imbalance between supply and demand in the market, the student accommodation sector presents a strong investment option for GCC-based investors looking to tap into the UK real estate market.”

Gatehouse is pleased to provide key investment opportunities in the student accommodation market, and have to date completed more than $280million in student property acquisitions on behalf of GCC investors. Its leadership in US and UK real estate real estate expertise is demonstrated by its proven track record of more than $500million in acquisitions across all office, student and logistics sectors.