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
Major European city CBDs
€40m - €300m+
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
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
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