GFH acquires prime UK residential property
Manama, December 21, 2013
GFH Capital, a fully-owned subsidiary of Bahrain-based Gulf Finance House, has completed the acquisition of a prime UK residential property in line with its global investment strategy.
Located in Kensington, the property is a Grade II listed building, overlooking the Queens Gate Gardens. This investment is in line with GFH Capital's strategy to identify attractive opportunities in developed markets like the UK, where it has already made considerable investments, said a company statement.
Commenting on the acquisition, Hisham Al Rayes, the managing director of GFH Capital, said:"We are delighted to announce the conclusion of another successful transaction in the UK. The property we have acquired is located in the heart of prime central London, where we expect above average capital appreciation to continue over the medium term."
"Demand for this type of property is coming from investors all over the world and we expect this dynamic to continue due to the favorable conditions of London," he stated.
Salem Patel, the head of Investments and Board member of GFH Capital, said, “We believe the prime central London residential real estate market will continue to perform strongly. However, we also see value and upside potential in other real estate markets such as the US and we expect to make additional investments in these markets as well.”
GFH Capital, formerly known as G Capital, is a Dubai-based investment bank and fund manager, providing capital and strategic support for growth companies, said a company statement.
With a 10-year track record of top-performing investments and fund management, G Capital was one of the region’s longest-established private equity firms and one of the first to be licensed by the Dubai Financial Services Authority, it added.-TradeArabia News Service