Gatehouse Bank’s associate realises $71m real estate investment in San Francisco with a 100% return on equity
Gatehouse Bank plc (Gatehouse), a leading wholesale Shariah compliant investment bank based in the City of London, has announced that its associate has successfully completed the sale of a real estate investment located on 181 Fremont Street, which is at the heart of San Francisco's South Financial District in California. The total amount of the sale reached $71m (£46.4m), which yielded a profit on equity of 100% post costs and taxes.
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