{"id":17258,"date":"2016-06-21T21:28:24","date_gmt":"2016-06-21T14:28:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=17258"},"modified":"2016-06-21T19:39:41","modified_gmt":"2016-06-21T12:39:41","slug":"gfh-launches-specialist-property-division","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-launches-specialist-property-division\/","title":{"rendered":"GFH launches specialist property division"},"content":{"rendered":"


\nGFH Financial Group confirmed yesterday that it is planning to launch a specialist real estate division to develop a number of its projects in Dubai and its home base of Bahrain.The Bahrain-listed investment group said that the division, GFH Real Estate, would have initial assets of US$40 million and would manage projects in Bahrain and Dubai that the company had previously invested in with a combined value of $300m. Projects being brought forward include the Harbour Row and Harbour North schemes in Bahrain and one in Dubai, Dubai California Village.The company started work on the $150m Harbour Row project in December and said that it intends to launch the remaining phases of the residential-led project in Bahrain Financial Harbour before the end of this year. These are a series of low-rise apartment blocks with commercial units around a promenade at the ground-floor level.The Dubai-listed company also announced in April this year that it would restart work at its $650m Villamar project in Bahrain Financial Harbour, which includes three twisting towers, each between 52 and 54 storeys. This project was launched in 2007 before the global financial crisis.Earlier this month, it also bought a portfolio of industrial property buildings in the United States for $65m. The portfolio included 30 buildings spread across seven Midwest states.Conditions in Bahrain’s property market have shown signs of improving in recent months, with rents remaining stable and development cautiously increasing after several years of inactivity.A report published earlier this month by property consultants CBRE said that development activity had been taking place across Bahrain in recent months, as the kingdom looked to the non-oil sector to drive growth. New schemes have included UAE-based Eagle Hills’ Marassi Al Bahrain project at Diyar Al Muharraq and Bin Faqeeh Group’s Layan project at Durrat Marina, which is a residential scheme with its own water park.”Growth has been dominated by construction, private education, health care and tourism, and while real estate transactions have dropped by 6 per cent quarter-on-quarter, development activity and project planning has gained pace, particularly in the residential, retail and hospitality sub-sectors,” said James Lynn, a research director at CBRE Bahrain. mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…GFH launches specialist property division<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GFH Financial Group confirmed yesterday that it is planning to launch a specialist real estate...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17258","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4um","jetpack-related-posts":[{"id":25209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-turns-to-reits-for-bahrain-and-dubai-projects\/","url_meta":{"origin":17258,"position":0},"title":"GFH turns to Reits for Bahrain and Dubai projects","date":"September 6, 2016","format":false,"excerpt":"\r The property arm of GFH Financial Group is considering using real estate investment trusts (Reits) to pump funds into its projects in Bahrain and Dubai, as the Islamic investment group forays into the emirate's property sector for the first time.The Bahrain-listed firm, which launched its property division this year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-to-inject-cash-in-stalled-bahrain-development\/","url_meta":{"origin":17258,"position":1},"title":"GFH to inject cash in stalled Bahrain development","date":"December 5, 2016","format":false,"excerpt":"\r GFH Financial Group (GFH) has completed a debt-restructuring agreement with the developer of a long-delayed US$700 million project in Bahrain.In a statement to the Dubai stock exchange on Monday, GFH said it had signed a final sukuk-restructuring agreement with Bahrain-based Gulf Holding Company (GHC), the developer of the Villamar\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-acquires-midwestern-property-portfolio-in-third-us-purchase\/","url_meta":{"origin":17258,"position":2},"title":"GFH acquires Midwestern property portfolio in third US purchase","date":"June 12, 2016","format":false,"excerpt":"\r GFH has announced its third US real estate acquisition of the past 18 months, with the purchase of a portfolio of Midwestern distribution, warehousing and industrial properties for about US$65 million, the Bahrain investment company said on Sunday.GFH has forecast that the deal, which it expects to be reflected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-buys-30-stake-in-londons-no-1-palace-street\/","url_meta":{"origin":17258,"position":3},"title":"GFH buys 30% stake in London's No 1 Palace Street","date":"March 30, 2016","format":false,"excerpt":"\r \r GFH Financial Group has paid \u00c2\u00a3100 million (Dh528.7m) to acquire 30 per cent of No 1 Palace Street in London's Victoria.The Bahrain-based investment company said it has signed a deal with Palace Revive Developments Limited for the site which is being redeveloped by Northacre.A company controlled by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29253,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bahrain-bay-waterfront-project-inspired-by-dubai-sydney\/","url_meta":{"origin":17258,"position":4},"title":"New Bahrain Bay waterfront project inspired by Dubai, Sydney","date":"October 9, 2016","format":false,"excerpt":"\r Project is part of a 3.5km boulevard near The Avenues and Bahrain Financial Harbour\r \r Source : arabianbusiness.com\r Read more...New Bahrain Bay waterfront project inspired by Dubai, Sydney","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169886,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gfh-partners-dives-into-us-cold-storage-boom\/","url_meta":{"origin":17258,"position":5},"title":"GFH Partners dives into US cold storage boom","date":"January 20, 2026","format":false,"excerpt":"\r Dubai-based firm looks to tap surging demand for temperature-controlled infrastructure with Cold-Link Logistics investment The post GFH Partners dives into US cold storage boom appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source : arabianbusiness.com\r Read 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