Norges Bank Real Estate Management paid GBP 276.5M (EUR 321M) for the property. The fund made an initial payment of GBP 205.2M (EUR 238M) with the balance due upon completion of the building in June 2017. The asset is unencumbered by debt, and no financing was involved in the transaction.

The property is pre-let to New Look Retailers Ltd., Benetton Group S.r.l. and MoneySupermarket.com Group plc. It will comprise 87,100 square feet and consist of two retail units totalling 44,100 square feet and four floors of offices totalling 43,000 square feet.