GFH Capital placement of prime central London property oversubscribed

Updated 16 March 2014
0

GFH Capital placement of prime central London property oversubscribed

GFH Capital, a fully owned subsidiary of Bahrain-based Gulf Finance House, announced the successful placement with GCC investors of its newly acquired prime central London residential property.
The placement was oversubscribed by investors seeking attractive opportunities in the UK real estate market. The luxury property, which is located in Kensington, is a five unit Grade II listed building overlooking the Queens Gate Gardens.
Hisham Al-Rayes, MD, 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.
Jinesh Patel, senior executive officer at GFH Capital, stated: “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."
GFH Capital announced the acquisition of its Queens Gate Gardens property in early January 2014.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 38 min 54 sec ago
0

AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”