CBRE Global Investors has acquired a £265m (€305m) London office asset from Deka Immobilien.
The asset manager has bought the fully-let Atlantic House asset located at 45-51 Holborn Viaduct on behalf of a pan European fund.
The 256,900sqft asset, built in 2001, is arranged over 12 floors with 7,600sqft of ancillary retail on the ground floor.
The asset is let to Hogan Lovells International for a further six years.
Richard Dean, the head of UK real estate execution at CBRE Global Investors, said: “Atlantic House offers the opportunity over the medium term to create a best in class office building in a top-quality location.
“Its acquisition underlines our belief that the best office assets will continue to be in demand from both an occupier and investor perspective,”
TT&G and Linklaters advised CBRE Global Investors. Savills and Simmons & Simmons advised Deka.
John Heaver, director in strategic investment advisory at Savills, said: “Atlantic House is a fantastic example of Deka’s long term investment strategy to selectively acquire high-quality core real estate in gateway cities, drive performance and exit opportunely.”
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