Deka Immobilien GmbH is investing in the London property market for the third time in only a few months. With the acquisition of the office and business center Moor House at a very good inner-city location, the company has now secured another property in the British capital. The purchase price for the property is £230 million (ca. €266 mln.).
The seller is the British property company Hammerson and Pearl Assurance plc., which is listed on the London Stock Exchange. The property was acquired for the public fund Deka-ImmobilienEuropa. Earlier this year, Deka Immobilien GmbH acquired the two office and business properties 50 Finsbury Square and 1 Old Jewry in the City of London.
Moor House, which was completed in 2005, is a prominent, 16-story Grade-A office building in the City of London. It was designed by Foster & Partners and has 30,000 m² of office and retail space. The corner building, opposite the well-known Finsbury Circus, is in one of the most exclusive office locations in the city. The main tenant is HypoVereinsbank, which belongs to the UniCredit Group. Other tenants include the financial service providers Macquarie Group Service Australia, Citadel Investment Group and Pictet Asset Management. The retail space is rented to the British fashion company New Look.