Europe Offices

Investment requirements

Features

Well-located CBD assets in major European cities.

All lease terms considered including shorter income or vacant situations where there is an opportunity to add value

Strong ESG credentials or ability to implement green measures

Forward fundings/commitments as well as JVs considered

Locations

Major European city CBDs

Lot size

€40m - €300m+

Recent transactions

Office - Fürst and Friederich

Location: Germany
Purchase price: €117m
Reasons for buying: Prime multi-let CBD office with high ESG credentials
Key Features: An established CBD location in Dusseldorf.  A high specification accommodation completed to LEED Gold standards. 30% pre-leased with remainder fully let within 6 months of practical completion.
Timing: Purchased in 2019

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Blekholmen, Stockholm

Location: Sweden
Purchase price: SEK2.2bn / €220m
Reasons for buying: Prime CBD office located next to Stockholm central station. Significantly underrented. Additional building rights to expand further.
Key Features: Prime CBD location in Central Stockholm. Multilet to over 30 tenants. Very strong occupational market.
Timing: Purchased in 2017

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WPP HQ, Madrid

Location: Spain
Purchase price: €175m
Reasons for buying: Prime CBD office developed to the latest specifications with high ESG credentials. Value creation through purchase of a vacant building and subsequent long term lease to WPP Plc.
Key Features: Prime CBD location in Central Madrid. 35,000 sq m building with unique floor plates of over 4,000 sq m and over 4m floor to ceiling heights. High specification accommodation completed to LEED Gold standards. Long term lease to a FTSE100 listed company with minimum annual indexation provisions.
Timing: Purchased in 2015

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Contact the team

Marc Reijnen

Head of Investment and Asset Management

+33 1530 59207