Gulf Finance House (GFH), a Bahrain-based Investment House, has taken Middle Eastern investors' reluctance to invest in the US as an opportunity to raise equity for a UK and European real estate fund.

The bank's Gulf Atlantic Real Estate fund, which is ethically managed and complies fully with Muslim precepts, recently completed the £41.7m (€66m) acquisition of a commercial property at Gatwick, the London airport, from BAA Lynton. The fund had raised over £50m in July this year.