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Gulf Finance House (GFH) launches a Shari’ah compliant UK commercial property fund

13 Juin

Gulf Finance House (GFH) has launched of Gulf Atlantic Real Estate II (GARE II), a Shari’ah compliant UK commercial property fund. GFH said the fund will build upon the success of its first UK property fund, Gulf Atlantic Real Estate (GARE) which it exited in 2005, having delivered excellent income and total returns for investors.

GFH said the fund will be targeting standing properties and no speculative development is envisaged. Properties will be well located, income producing and let to good quality tenants.

Nick Judd, head of real estate fund management at GFH and fund manager of GARE II, said, “Twelve months ago, indiscriminate, highly geared buyers had driven prices far beyond any measure of fair value. Today, with UK commercial property values having fallen so dramatically, we have the opportunity to buy income producing properties at prices well below their recent peaks. UK commercial property is the market of choice for many international investors who regard it as relatively low risk, transparent and liquid compared to many other markets.”

Read: CPI Financial

 
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Publié par le juin 13, 2008 dans RSS, UK

 

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