Gatehouse Bank’s Build-to-Rent Scheme wins coveted award
Gatehouse Bank has been named Best Investment Bank 2018 at the Global Islamic Finance Awards, in recognition of its successful Real Estate Investment Advisory and Build-to-Rent capabilities.
The British bank was honoured at the award ceremony in the Bosnia and Herzegovina capital Sarajevo, which celebrated ‘excellent and best practices in Islamic finance’.
The two Build-to-Rent funds currently advised by Gatehouse Bank have, so far, built more than 1,600 homes in two projects worth a combined total of c. £250 million. These high-quality homes, in the Midlands and North West of England, are primarily two and three bedroom houses, all designed for family use.
In addition, Gatehouse Bank has a specialist Real Estate Investment Advisory arm, which originates UK commercial real estate transactions across a wide range of asset classes, which to date has completed c. £1 billion of acquisitions.
When deciding on the winners, judges also took into consideration innovation and product quality.
Gatehouse Bank CEO Charles Haresnape, who travelled to Sarajevo to collect the award, comments:
“We are delighted to win this award in recognition of our real estate investment services. The UK’s housing shortage is there for all to see but we’re trying to do our bit to help address it. By building high quality homes we are able to provide housing in areas that often need regeneration as well as healthy, ethical returns for investors.”