GLL Real Estate Partners has announced two further acquisitions for a combined €77 mln on behalf of its GLL Pan European Fund.

GLL Real Estate Partners has announced two further acquisitions for a combined €77 mln on behalf of its GLL Pan European Fund.

In addition to office assets owned in Frankfurt am Main and Krakow, the fund has acquired two more office buildings in Romania and the UK.

In Bucharest, the investor has acquired the Victoria Office Center for a price believed to be around €27 mln. The 8,300 m2 building in the CBD of the Romanian capital is 100% long-term leased to an roster of international tenants including Citibank, JLL, AON, AIG, and Starbucks.

The fund has also completed the €50 mln acquisition of One Brindleyplace, Birmingham - a 6,430 m2 office building with a long unexpired lease term to Deutsche Bank.

The GLL Pan European Property Fund FCP is a real estate fund which invests in assets across Europe with a target investment volume of up to €1 bn. The fund has now invested over €184 mln into four core office buildings in the first 12 months since inception, and expects to add another prime office acquisition to itss existing portfolio before the end of the year to take the fund volume to over €225 mln.

GLL was advised by Dentons and CBRE in Romania, and by Norton Rose Fulbright and Colliers in the UK for the acquisitions.