GFH sells UK commercial real estate portfolio

MANAMA — Gulf Finance House (GFH) announced yesterday the successful exit of the UK income-producing fund, Gulf Atlantic Real Estate (GARE-UK) to Deutsche Bank for £170 million ($315 million). This realised an average return to clients of 37 per cent over a holding period of under three and a half years.

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Published: Wed 26 Jul 2006, 10:54 AM

Last updated: Sat 4 Apr 2015, 1:09 PM

Commenting on this exit, Esam Janahi, GFH Chief Executive Officer and board member, said, "The profitable sale of this income-producing commercial property portfolio to Deutsche Bank is testimony to the skill and experience of our real estate investment team. Once again, the team has delivered substantial market-leading returns for our clients from this particular type of real estate asset and investment opportunity."

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