Munich-based family office AM Alpha has completed the acquisition of the office asset 21 Great Winchester Street in the City of London.
Financial details were not disclosed.
Located in the City, in the triangle formed by Bank, Moorgate and Liverpool Street Station, and next to London Wall, the freehold asset includes 2,500 m2 of flexible office space with the potential to add further amenities.
The asset is partially let to three prominent tenants (from, respectively, the insurance, financial services, and IT services sectors), and the vacant areas will be offered to the market this year, AM Alpha said.
Martin Lemke, managing director at AM alpha, said: 'The successful completion of this transaction is further evidence of AM Alpha’s execution capabilities and ability to source robust real estate opportunities.
'Within Europe, the UK will continue to be a main focus for us and we will actively seek core and value-oriented investments across all sectors.'
AM Alpha said that the acquisition demonstrated its commitment to London, believing in the strength of the market also in times of Brexit and Covid-19.
21 Great Winchester Street joins other assets in the UK (in Manchester and Glasgow) within AM Alpha’s current UK portfolio.
AM Alpha was advised on the purchase by Müller International, law firms Eversheds Sutherland and Walkers, tax and finance advisors RSM, and technical advisors TGA.
