The property was acquired by a Jersey SPV with bank debt provided by Deutsche Pfandbriefbank into a Shari'ah-compliant structure.

Located in the centre of Crawley, the property was developed by Land Securities in 2014.  Anchor tenants include Morrisons and Travelodge with an average unexpired lease term of 15 years across the tenancy portfolio.

This is the second major UK acquisition which the firm has acted for 90 North this year, the other being the £23.5 million acquisition of the Riverside East office building in Sheffield.

Partner Sarah Gooden led the Banking and Finance team with assistance from Eddie O'Hanrahan and Gavin Coutts.  Stephen Marks and Denielle Rickman advised on Real Estate.  Corporate advice was provided by Tony Poole, Ayda Habboush and Saerim Kim with Alan Tate and Alex Frankland advising on Construction matters.