Deka Immobilien acquires prime property in London’s West End

 
Frankfurt, 01.07.2026

Deka Immobilien has acquired the prime office building “Stirling Square” in London’s West End on behalf of the WestInvest InterSelect open-ended real estate fund. This landmark property is located in the exclusive submarket St James’s, overlooking Buckingham Palace. The property was sold by a fund managed by Tristan Capital Partners and Greycoat. The parties have agreed not to disclose the purchase price.
 
Occupying a rare island site in St James's, the post-modern building was designed by the renowned architect Sir James Stirling and comprises approximately 8,700 square metres of lettable space spread over seven storeys. The terraces on the upper floors of the building offer unique views over Buckingham Palace and the surrounding parks. Built in 1999, the property underwent refurbishments in 2016 and 2022 and is fully let on long-term leases to four renowned tenants.
 
The St James’s area is one of the most exclusive and prestigious submarkets in London, characterised by historic buildings, luxury retail and top-class restaurants. Piccadilly Circus underground station is just a few minutes’ walk away.
 
With this transaction, the fund management of WestInvest InterSelect is seizing a rare opportunity to acquire an island site, fully let prime office building with potential for rental growth in a prime London location. The fund is reinvesting capital generated through inflows and sales, securing a first-class property in the heart of London.

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 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.

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 EUR 50 billion (as at 31/12/2025) in real estate assets.