Continuing the strong start to 2016, Deutsche Bank’s asset management arm’s real estate investment business has sold The Vault Distribution Warehouse, Liverpool to Hansainvest for more than £48m (€60.8m) on behalf of one of its funds.
Purchased in 2011, The Vault is located on Liverpool International Business Park and comprises a 622,000ft² (57,800m²) warehouse space built in 2007. It is well connected with dual carriageway access to the regional motorway network as well as close proximity to local ports. The property is single let to B&M Retail Limited.
“It’s been a strong start to the year. We are delighted to have already completed our fifth transaction in 2016,” said James Petit, Head of Real Estate, UK and Ireland.
This transaction follows on from the recent sale of The Helicon, South Place, London; acquisition of The FCA headquarters in Stratford, London; the sale of two office buildings in the Thames Valley; and acquisition of two office buildings in the centre of Cardiff in Callaghan Square.
The UK real estate business of Deutsche Bank’s asset management arm currently holds €5.7bn in assets under management, and 61 properties as of 31 December 2015.
