Current information on GFH Capital’s exited investments can be found in the below subsections:
In 2013, we indirectly acquired a stunning Grade II listed freehold property portfolio in Prime Central London. The property is arranged as self-contained residential apartments located on the southern side of Queens Gate Gardens in the Royal Borough of Kensington and Chelsea.
We successfully exited earlier than the targeted hold period of five years.
Leeds United Football Club is a professional association football club in Leeds, West Yorkshire, England. The club was formed in 1919 following the disbanding of Leeds City F.C. by the Football League and took over their Elland Road stadium. They play in the Championship, the second tier of the English football league system. Leeds’s exit had a positive effect on the GFH Capital’s financials and liquidity for 2016 at the time of exit.
In October 2014, we acquired a 70% in the Dubai-based Philadelphia Private School (PPS). PPS is a K-12 American curriculum school which was founded in 2006 and is valued at more than UAE dirhams 130 million.
During our ownership, PPS has been accredited by the highly respected New England Association of Schools & Colleges (NEASC) and the school is also accredited by AdvanceEd.
At the time of our exit in 2018, the school had around 1,500 students. PPS has delivered a return of over 33% during its 3 year investment period.
Diversified US Residential Portfolio was established in 2014 to acquire a diversified portfolio of multi-family residential complexes in Houston and Atlanta totalling 1,288 units. The properties have been selected due to their proximity to large and growing infrastructure assets in the respective cities.
The investment was successfully exited in 2017 – ahead of the expected exit date – and realizing the target returns.
We have invested in AMA Group for its growing operations in the Kingdom of Bahrain and abroad. The AMA Group manages the largest network of educational institutions across Asia, with operations covering basic education from pre-schools to Grade 12 to Collegiate and University programs. AMA operates an International University, an International School and a Training Institute in the Kingdom of Bahrain since 2002.
We acquired a majority stake (80%) in Sheffield Private School (SPS), a leading Dubai-based private school. SPS was established in 2004 and has been growing at more than 7% per annum. Over 1,400 international students are currently enrolled at SPS and are educated in the British curriculum. Building on its strong reputation, SPS has reported steady growth in enrollment year on year, a trend which is expected to continue in line with the growing demand for high quality, international standard education in the UAE and across the MENA region.
SPS is located directly in the Al Qusais area, Al Nahda-2 near the border of Sharjah and Dubai, the school has been constructed on a 123,900 sq. ft. area of land. It is a purpose built school with a well-designed building used for educational and indoor activities with play areas for outdoor games and activities.
We acquired a Tech Offices Portfolio in the US in a deal valued over US$ 100 million. The acquired portfolio consists of five income-yielding buildings spread across nearly 60 acres and is located in North Carolina’s Research Triangle Park, the largest dedicated scientific research park in the U.S.
Over the hold period, the investment consistently delivered the target yield and the sale was timed to leverage strong current demand in Life Science, enabling us to deliver an early and profitable exit. Proceeds from the exit are expected to deliver to investors an approximate return of more than 50% over the holding period.
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