Gatehouse Bank plc, the London-based investment bank specialising in Shariah-compliant products and services, provided £10m of senior financing to Apache Capital Partners, for the acquisition of Mourant Ozannes’ HQ offices, a leading offshore law firm based in Jersey.
Nick Westoby, Vice President of the Bank’s Real Estate Finance Team, commented: “Given the sound property fundamentals and experience of the team at Apache Capital Partners, we are pleased to have put in place the funding for its acquisition. We hope to further develop this relationship and explore future possibilities with Apache which could add to the healthy pipeline of opportunities currently growing the financing book of Gatehouse Bank.”
Natale Giostra, Head of Real Estate Finance at Gatehouse Bank commented: “We’re delighted to announce the closure of our third real estate financing deal, particularly with it being our first sponsor to specifically require Shariah-compliant finance. This deal highlights the success and competitiveness of the recently formed team and puts us in a strong position for the year ahead.”
John Dunkerley, CEO of Apache Capital Partners, said: “Gatehouse have demonstrated their understanding of Shariah compliant finance, structures and the nature of our Middle Eastern investors. Apache Capital has a substantial investor base and we are actively building our shariah complaint high income strategy. We look forward to building our relationship with Gatehouse Bank in the future.”
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