The property arm of French asset management giant Amundi, acting in partnership with Knight Frank Investment Management (KFIM), has acquired an office building in London.
The property arm of French asset management giant Amundi, acting in partnership with Knight Frank Investment Management (KFIM), has acquired an office building in London.
Amundi Real Estate purchased the 4,000 m2 Defoe Court property on Featherstone Street through its OPCI real estate collective investment scheme for private investors.
The financial details were not disclosed.
The building, which represents Amundi’s first wholly owned London office acquisition, was renovated in 2008 and is located to the north of the City of London in an area dominated by new technology companies. The five-floor property is 100% occupied.
Carmen Lopes, Amundi’s head of retail funds commented: 'Following our first co-investment in the UK in 2012, this acquisition confirms our capacity to invest in the UK and reflects our strategic decision to gain exposure to this market. Our partnership with Knight Frank Investment Management will enable us to expand our presence in the London market in the future'.
Amundi Real Estate has €7 bn assets under management, while its parent company has an AUM of more than €750 bn.
