Unit of Bahrain's GFH buys London residential property
Arabian Business 22/12/13
By Andy Sambidge
GFH Capital, a fully owned subsidiary of Bahrain-based Gulf Finance House and the owners of UK football club Leeds United, has announced the acquisition of a prime central London residential property.
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," the company said in a statement without disclosing the value of the deal.
Hisham Al Rayes, 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 favourable conditions of London."
Salem Patel, head of investments at GFH Capital, added: "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 has undertaken and structured investments of more than $3 billion in over 40 companies and across 25 countries. It bought Leeds United in December last year following lengthy negotiations, but sold more than half of its 100 percent holding less than six months later.
By Andy Sambidge
GFH Capital, a fully owned subsidiary of Bahrain-based Gulf Finance House and the owners of UK football club Leeds United, has announced the acquisition of a prime central London residential property.
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," the company said in a statement without disclosing the value of the deal.
Hisham Al Rayes, 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 favourable conditions of London."
Salem Patel, head of investments at GFH Capital, added: "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 has undertaken and structured investments of more than $3 billion in over 40 companies and across 25 countries. It bought Leeds United in December last year following lengthy negotiations, but sold more than half of its 100 percent holding less than six months later.
