Deka debt fund buys into London office facility

The Deka Realkredit Klassik debt fund has acquired a senior tranche of a commercial real estate loan with a volume of £26 mln (€33 mln) for a London office property from DekaBank.

The tranche is part of the total financing of around £155 mln provided by DekaBank as sole arranger.

The 33 Holborn office property was built in 2001 and has a total leasable area of around 30,000 m2 fully leased to Sainsbury’s supermarket chain. The nine-storey landmark building is located in the Midtown submarket of the city centre of London.

Launched in 2009, Deka Realkredit Klassik owns assets valued at around €400 mln.