ARZAN WEALTH ADVISES ON A RETAIL PROPERTY ACQUISITION IN CRAWLEY, UK

Jan 24, 2016

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MorrisonsCrawley.jpgJanuary 24, 2016 – Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the acquisition of a newly built multitenant retail asset (“the Property”) on the high street of the town of Crawley, just outside London in the UK. The Property is fully leased to a diverse mix of high-quality retailers under long term leases.

Completed in 2014 and designed to energy efficient and BREEAM “very good” standards, the Property comprises of a 75,240 sq.ft. Morrisons supermarket, a 110-room purpose built hotel leased to Travelodge, two small retail units and 506 car parking spaces.

The Property, which is 35 miles away from Central London and three miles south of Britain’s second largest airport – Gatwick, benefits from very long leases to major tenants, high quality new construction and a prime, high street location.

Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property, in joint venture with the Investment Advisor, 90 North Real Estate Partners, a strategic partner of Arzan Wealth.

Muhannad Abulhasan, CEO of Arzan Wealth said:

“We are pleased to be able to advise our clients on the acquisition of this high quality asset, which offers a secure income stream of more than 15 years to high quality tenants.  We believe that in light of an increasingly volatile global economic and geopolitical situation, our clients are wise to focus on reducing their risk profiles through diversification into secure assets in mature markets, and opportunities that offer a highly predictable monthly income stream.  Our primary objective at Arzan Wealth continues to be the protection of our clients’ wealth and legacies, by reducing risks and diversifying income sources for them and their future generations.”

ENDS