Deka Immobilien has sold an office building, Atlantic House, from the portfolio of the Deka-ImmobilienGlobal open-ended real estate fund, in London to CBRE Global Investors for £265 million.
The 256,900 sq ft office building, Atlantic House, was built in 2001 and has a lettable area of more than 24,000 square meters and 23 parking spaces. It is fully let to the international law firm Hogan Lovells International until the end of 2026.
The office property is located in a prominent position on an island on the north side of the Holborn Viaduct in the western part of the City of London. It is certified with the British seal of approval for sustainable building BREEAM with “Very Good”.
With this sale, Deka-ImmobilienGlobal’s fund management is parting with an older property after a holding period of almost 17 years, in line with the strategy, said Deka Immobilien.