Press Release
Deka Immobilien sells office building in the United Kingdom
Frankfurt – 17.02.2021
Deka Immobilien has sold an office building in London from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal for GBP 265 million. The property was acquired by the real estate asset manager CBRE Global Investors.
The “Atlantic House” was built in 2001 and offers more than 24,000 m² of leasable space and 23 parking spaces. It is fully leased to the international commercial law firm Hogan Lovells International until the end of 2026. The property is in a prominent location on an island on the north side of the Holborn Viaduct in the western part of the City of London. It has received British BREEAM “Very Good” certification for sustainable construction.
This transaction allows fund management of Deka-ImmobilienGlobal to sell an older building after a holding period of close to 17 years in accordance with its strategy for the fund.
About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 395 billion (as at 31/12/2021) and more than 5.2 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. DekaBank is a wholly owned subsidiary of the German Sparkasse savings banks and forms an integral part of the Sparkassen-Finanzgruppe.
The Deka Group’s global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for around EUR 47 billion in real estate assets (as at 31/12/2021).
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