Deka acquires London mixed-use complex for €197.7m (GB)

Deka Immobilien acquires London office complex for €197.7m (GB)

Deka Immobilien has acquired a mixed-use building complex in London from British Land for €197.7m (GBP 177m). The complex will be added to the portfolio of the open-ended real estate fund WestInvest InterSelect.

 

"Clarges Mayfair" consists of a high-quality office property with a restaurant and two neighbouring retail units. The complex was finished in 2016 and provides more than 6,000m² of leasable space and five parking spaces. Around 5,000m² of this is office space that is leased to four companies under long-term leases. The main tenant is the investment company Capula Investment Services.

 

"Clarges Mayfair" has a prominent location in the desirable Mayfair district of the London West End, directly neighbouring Green Park and in the immediate vicinity of Buckingham Palace. The property has received the British BREEAM "Excellent" certification for sustainable construction.

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