Germany's Deka Immobilien has acquired the 14 Pier Walk office building in London from Greenwich Peninsula Regeneration, a joint venture between Lend Lease and Quintain. The transaction amounts to just over £97 mln (EUR 118 mln) .
Germany's Deka Immobilien has acquired the 14 Pier Walk office building in London from Greenwich Peninsula Regeneration, a joint venture between Lend Lease and Quintain. The transaction amounts to just over £97 mln (EUR 118 mln) .
'London will remain an attractive investment market for us in the future. This applies to buying as well as active portfolio management,' said managing director Thomas Schmengler.
Located at Greenwich Peninsula near The O2 Arena, the property is fully let with a fixed term of 20 years and offers 18,400 m2 of total floor space. It is an environmentally sustainable building with a Breaam 'Excellent' rating. Transport for London is the sole occupant of the building.
Deka said that the property will be included in the WestInvest ImmoValue open-ended mutual property fund, dedicated to institutional investors.
Also on Wednesday, Deka announced the purchase of the Opera Gramont in Paris for EUR 75 mln. Click on the link below to read more
