IMW Immobilien buys Dukes Court in Woking (DE/UK)

IMW Immobilien SE, Berlin, signed an agreement on the purchase of shares of three companies which were owned by the related company Warwick Square Ltd, St. Helier, Jersey. The transfer of the shares is back dated from July 1, 2012.

The main asset of the bought companies is the property Dukes Court in Woking, Surrey, UK. With this investment in UK IMW Immobilien SE follows its new strategy to offset currency and economic risks occurred by the crisis of the Euro countries.

The property Dukes Court is an office and commercial building with a rental space of approx. 21,000 m². The property is leased to fine standing tenants and achieved an annual net rent of £3.6 million (approx. €4.5 million). The transaction volume accounts up to £52 million (approx. €66.2 million).

Source: IMW Immobilien

Related News