Trowers & Hamlins and Travers Smith have taken the lead roles on a property deal that has seen SJ Berwin's London headquarters acquired for £165m by a Malaysian sovereign wealth fund.

The transaction marks sovereign fund Lembaga Tabung Haji's first foray into the UK property market.

Trowers advised Lembaga with a team comprising investment partner and Islamic finance co-head Nicholas Edmondes, commercial property partner William Clements, corporate partner Michael Pattinson and tax partner Andrew Sneddon.

Travers was instructed by the seller, Irish investor Jaguar Capital, with real estate partner Simon Rutman leading the firm's team.

Gatehouse Bank, a London-based Shariah-compliant investment bank, acted as investment and Shariah adviser on the transaction. According to Gatehouse, tenant SJ Berwin has invested "heavily" in the site's upkeep and refurbishment, having "comprehensively refurbished the property in 2007″.

The 221,000 sq ft building at 10 Queen Street Place by Southwark Bridge comprises offices, retail and accommodation, as well as a 20,000 sq ft roof terrace.

The deal comes after Trowers took a role earlier this year alongside Nabarro on the £500m sale of One Exchange Square and Olswang's London office at 90 High Holborn to Malaysian state-owned asset management company Permodalan Nasional Berhad (PNB).

Trowers acted for PNB, while Nabarro acted for the seller, German fund manager KanAm.