CBRE Global Investors has acquired the Atlantic House office building in London from the Deka-ImmobilienGlobal open-ended real estate fund for £265 mln (€305 mln).
The complex was built in 2001 and offers more than 24,000 m2 of leasable space and 23 parking spaces. It is fully leased to international commercial law firm Hogan Lovells International until the end of 2026.
The property is located on an island on the north side of the Holborn Viaduct in the western part of the City of London. It has received British BREEAM “Very Good” certification for sustainable construction.
‘This transaction allows fund management of Deka-ImmobilienGlobal to sell an older building after a holding period of close to 17 years in accordance with its strategy for the fund,’ the vendor said in a statement.
