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Gatehouse Bank acquires US real estate portfolio

UK-based Kuwaiti-owned wholesale Islamic bank Gatehouse Bank has said it has completed the acquisition of an industrial based real estate portfolio in the US, Gulf Daily News has reported. The $155m portfolio comprises 20 industrial properties leased to 12 tenants with an average remaining lease term of 14 years, the bank said. The acquisition brings the total value of Gatehouse Bank's real estate acquisitions in the UK and US to more than $700m.