Gatehouse Bank, a wholesale Sharia-compliant investment bank based in London, has completed the multimillion-pound acquisition of the Bridge View and Consort House in Aberdeen.

The deal should provide a projected average annual cash yield of 7.5 per cent and a projected internal rate of return of 9.5pc over a three-year holding period to investors in the transaction.

The 159,170 square feet 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 National Health Service, for a long lease term of 14 years.

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