Foot Anstey advises Gatehouse Bank PLC on sale of build-to-rent subsidiary to Apollo Global Management

Foot Anstey has advised Gatehouse Bank PLC on the sale of its shares in the Gatehouse Build to Rent Group, trading as Gatehouse Living Group, to an entity wholly owned by US private equity firm, Apollo Global Management, marking Gatehouse Bank’s exit from the sector.

The transaction relates to Gatehouse Living Group, Gatehouse Bank’s wholly owned subsidiary and one of the UK’s largest managers of single-family rental housing. The business is a recognised market leader in Shariah‑compliant residential investment and property management, with portfolios established through joint ventures with global institutional investors, including the Carlyle Group, TPG Real Estate Partners and GreyKite.

As a longstanding client of Foot Anstey's Islamic Finance practice, Gatehouse Bank appointed Foot Anstey on the exit, which sees Apollo acquire a fully integrated residential platform as it continues to expand its presence in the UK's fast-moving housing sector.

About our work, Charles Haresnape, CEO of Gatehouse Bank PLC commented: “This transaction was strategically significant for Gatehouse Bank and a testament to the track record we have built over the last ten years. Foot Anstey provided highly effective support throughout the process and matched the expertise of the advisers acting on the other side.”

Imam Qazi, Partner at Foot Anstey, said: “This transaction reflects the strength and maturity of the platform Gatehouse has built and required careful coordination across corporate, finance and Islamic finance considerations. We’re pleased to have supported Gatehouse Bank on this strategically important exit.”

The Foot Anstey team was led by Partner Imam Qazi, supported by Principal Director Kieran Van Bussel, Associate Jack Harvey, Associate Luke Arnold and Associate Kirsty Poulton.