Deka Immobilien bags London scheme for EUR 133m

German fund manager Deka Immobilien has acquired the One Southampton Row mixed-use scheme in the West End of London, UK for around EUR 133 mln. The vendor is UK developer Grandsoft.

Built in 2009, this office and retail asset is fully let to a number of tenants including French group Sodexo and boasts a BREEAM Excellent rating. It provides ??11,500 m² of lettable area including 9,200 m² of offices and 2,300 m² of retail space.

The asset was added to the Deka-Immobilien Europe open-ended fund.

Allsop acted for Grandsoft and Savills acted for Deka Immobilien.