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.