James Caan backed 90 North Real Estate Partners has reached $1bn (£650m) of real estate transactions with its fourth European acquisition, the Primark Krefeld retail property in Krefeld, Germany which it bought for €51m (£36.7 m).
The building, which was completely refurbished in 2014, is located in the sixth largest city in Germany and comprises of 235,730 sq ft of retail space and includes tenants Primark, Toys “R”Us, and Rossmann, Germany’s 2nd largest pharmacy chain, as well as a gym and self-storage facility.
90 North’s partner, Arzan Wealth (DIFC) Limited, a Dubai based advisory firm advised on the purchase.
