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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Gatehouse acquires One Sovereign Street

Posted on 12 July 2010

From Arabnews.com: London-based Gatehouse Bank, the latest Islamic bank to be authorized by the UK’s Financial Services Authority (FSA), has acquired One Sovereign Street, the home of British Telecom (BT’s) regional headquarters in Leeds, for 40.175 million pounds sterling in one of the biggest commercial property deals to be closed in Yorkshire this year.

One Sovereign Street represents Gatehouse’s third real estate acquisition in the UK to date following its acquisition of the headquarters of Proctor & Gamble in Weybridge, Surrey in December 2009 and a portfolio of student accommodation units in Liverpool and Loughborough in March 2010…………………………………..Full Article: Source

 
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