Deka Immobilien on behalf of its openended real estate fund Deka-ImmobilienEuropa has acquired The St. Botolph Building in London for about €500 million. The state-of-theart 13-storey landmark office building which completed in 2010 has an overall rentable area of some 558,000 ft² (approx. 51,840 m²) and is centrally located in the City of London’s insurance district. The building is fully let to anchor tenants across the insurance and legal services sector and has been awarded a BREEAM “Very Good” rating.
This acquisition continues Deka-Immobilien Europa’s strategy to increase its portfolio allocation in London’s particularly large and liquid commercial real estate market and to benefit from its sustainable growth potential.
Source: Deka Immobilien