Degi sells London office building for €124.6 million (UK)

The Deutsche Gesellschaft für Immobilienfonds mbH (Degi) has sold the office building ‘Lloyds Chambers, 1 Portsoken Street’ to the British Holding Consensus. The building was a part of the portfolio of the open-end Grundwert Fund.

The building, situated in the London City, was sold for approx. €124.6 million and according to the Fund was sold above its current market value. The building was the property of the Grundwert Fund since 1991. The Fund still has four other properties in London.

Source: Immobilien Zeitung

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