Gatehouse Bank plc (Gatehouse) – a subsidiary of The Securities House of Kuwait – a wholesale Shariah compliant investment bank based in the City of London, has completed the multi-million pound acquisition of the Bridge View and Consort House in Aberdeen to provide a projected average annual cash yield of 7.50% and a projected IRR of 9.50% over a three year holding period to investors in the transaction.
The 159,170 sq ft property is occupied and fully let to leading oil and gas service provider Petrofac as their North Sea office headquarters, as well as The Scottish Ministers (NHS), for a long lease term of 14 years.
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