Deka Immobilien has purchased an office building, 8 St James’s Square, in London for £220 million from Golden Sense International Holdings Ltd.
Deka said it is to be brought into the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.
The “8 St James’s Square” office building, completed in 2015, has a lettable area of around 5,850 square meters and six parking spaces. It will be used long-term and almost entirely by five parties, with the multinational banking and financial services company Société Générale being the main tenant.
The property is located directly on St James’s Square in the heart of London’s West End and has an excellent infrastructure. It was designed by the British architect Eric Parry and received the RIBA National Award and the RIBA London Award in 2016 for its design qualities. In addition, it was certified with the British seal of approval for sustainable building BREEAM with “Excellent”.
In June, Deka acquired an office property in London for GBP 118 million on behalf of Deka-ImmobilienMetropolen open-ended real estate fund.
With this purchase, a first-class property in a prime location was secured for Deka-ImmobilienEuropa.