Gatehouse Capital announced the acquisition of a portfolio of industrial real estate properties in the United States on behalf of its clients, comprising of 8 industrial assets totaling 1,565,227 square feet dispersed throughout the Midwest, Northeast, and Southeast regions of the U.S.
Attesting to the feasibility of the properties included in the portfolio, all of the properties are already leased to one tenant, a reputable private company, engaged in the steel supply sector, designing, engineering and manufacturing products such as axle shafts for cars, brakes, among other products.
Gatehouse Capital acquired the portfolio in partnership with the Brennan Investment Group, an American investment group with extensive expertise in this field. The Portfolio current acquisition value is approximately USD 83.9 million. 
The CEO of Gatehouse Capital, Khaled Al-Baijan, praised the timing of the acquisition, expressing his pleasure that the transaction was successfully concluded, as "it happened at a time we see fit to seize the investment opportunities offered by the industrial real estate sector in the United States."

Al-Baijan said that the sector continued its growth trajectory despite the pandemic and the challenges it imposed. There is still a great potential for further growth in the foreseeable future. He added that the company, which has a successful track record in this sector, enjoys extensive expertise that enabled it to finalize the acquisition with the sellers in a seamless, efficient, and timely manner.  

Meanwhile, Aisha Al Mudhaf, Chief Operating Officer, said, " This is our ninth portfolio with the Brennan Investment Group. Together we will have invested nearly USD 1.2 billion in the US industrial real estate markets.

“We always seek to partner with best-in-class operators such as Brennan with demonstrated expertise in specific real estate sectors and has specialized experience in specific sectors of the real estate market". She added.
She also pointed out that the industrial sector in the United States is witnessing rapid growth after the pandemic, indicating that this deal is a testament to the company's ability and competence to achieve great successes and accomplish investors’ aspirations by combining existing expertise and providing work teams, through its subsidiaries and partners, to seize investment opportunities. To date, Gatehouse Capital has 9 investments in the industrial real estate sector, 4 of which are current investments and 5 have been exited.