Deutsche Bank’s asset management arm has announced the sale of The Vault distribution warehouse in Liverpool, UK to Hansainvest for more than £48 mln (€61 mln) on behalf of one of its funds.
Deutsche Bank’s asset management arm has announced the sale of The Vault distribution warehouse in Liverpool, UK to Hansainvest for more than £48 mln (€61 mln) on behalf of one of its funds.
Purchased in 2011, The Vault is located on Liverpool International Business Park and comprises a 622,000 sq ft (57,800 m2) warehouse space built in 2007. The property is single let to B&M Retail.
'It’s been a strong start to the year. We are delighted to have already completed our fifth transaction in 2016,' said James Petit, head of Real Estate, UK and Ireland.
Deutsche Bank’s asset management arm currently holds €5.7 bn in UK real estate across 61 properties.
