Deka Immobilien has acquired high quality, very centrally located office building in London for around €257m (GBP 220m). The property was sold by Golden Sense International Holdings Ltd. and will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.
The "8 St James's Square" office building was completed in 2015 and offers around 5,850m² of leasable space and six parking spaces. It is fully occupied by five long-term tenants, including the multinational banking and financial services company Societe Generale as the main tenant. The property is located directly on St James's Square in the heart of the West End of London and has excellent infrastructure. It was designed by the British architect Eric Parry and received the RIBA National Award and RIBA London Award in 2016 for the quality of its design. It has also received British BREEAM "Excellent" certification for sustainable construction.