With the acquisition of the 180 Great Portland Street office property in London's West End, Commerz Real has stepped up its commitment in the United Kingdom.
The company just acquired the fully-let property for its hausInvest europa open-ended real estate fund. The transaction volume totals approximately €104 million. The building was sold by a joint venture of Great Wigmore Partnership ("GWP"), which resulted from the merger of Great Portland Estates with Scottish Widows, and Great Wigmore Property Limited & Pontsarn Investments Limited.
"For some time now, the UK has offered promising investment conditions again. In this environment, we seized the opportunity to acquire a high-yield office property in a sought West End location," said Hans-Joachim K