GFH in key London property placement
Dubai, March 16, 2014
GFH Capital, a fully owned subsidiary of Bahrain based Gulf Finance House, has announced the successful placement of its newly-acquired prime central London residential property with GCC investors.
The placement was oversubscribed by investors seeking attractive opportunities in the UK real estate market, said the developer in its statement.
The luxury property, which is located in Kensington, is a five unit Grade II listed building overlooking the Queens Gate Gardens.
Commenting on the acquisition, Hisham Al Rayes, the managing director of GFH Capital, said, "We're extremely pleased to announce the successful placement of our recently acquired prime central London property with our Gulf-based investors."
"There is strong demand for this type of property and opportunities in central London real estate. This is no better demonstrated than through the quick uptake and oversubscription of this offering to investors looking for good returns," he added.
GFH Capital had announced the acquisition of its Queens Gate Gardens property in early January.
Jinesh Patel, the senior executive officer, said, “This is an attractive investment and one that, we believe, will deliver above average capital appreciation over the medium term for the bank and our investors."
"We are continuing to assess other similar opportunities in the UK and US real estate markets where we see value and upside potential," he noted.-TradeArabia News Service